Prices Up in Most Metro Areas—State Average $4.05, Says AAAMay 15, 2013 - Recent trends of higher prices at the pump have swept across the Golden State, increasing the price per gallon by at least two cents in most metro areas, while other metro areas show a slight decrease, according to the AAA Northern California monthly gas survey.
California’s average price for a gallon of regular unleaded gasoline is $4.05, up by three cents since last month’s AAA report on April 9, 2013. For perspective, gas prices today are $0.30 less expensive than California’s average price on this date last year. Among all 50 states, California has the second highest state average price for regular unleaded gasoline. Hawaii is the highest at $4.34.
“While higher crude prices, tight supplies and refinery maintenance can be cited for price increases throughout some sections of the country, the typical yearly upward trend in prices that Californians are now experiencing is due to the expected increase in demand for gasoline through Memorial Day and summertime travel.” said Cynthia Harris AAA Northern California spokesperson.
Northern California gas prices are now averaging $4.02 per gallon, a change of $0.07 in price from last month’s report. In the San Francisco Bay Area, motorists can expect to pay an average price of $4.12, which is up $0.01 from last month. Today’s national average price for a gallon of regular unleaded gasoline is $3.58, $0.12 less than the average price one year ago.
After drifting higher for several weeks, West Texas Intermediate (WTI) crude oil prices were pressured lower today by a stronger dollar and weaker equities. Oil futures are traded in U.S. dollars and as the dollar strengthens against foreign currencies, as was the case today, these futures become relatively more expensive to purchase and are a less attractive investment. At the close of yesterday’s formal trading on the NYMEX, WTI settled down $0.87 at $95.17 per barrel.
The national average is currently 21 cents below the peak 2013 price to date of $3.79 on February 27. In 2011 the national average for regular unleaded gasoline peaked at $3.98 on May 5. In 2012 the price peaked at $3.94 on April 5 and 6.
The least expensive average price in Northern California can be found in Ukiah where regular unleaded gasoline is $3.91 per gallon. Of all the metro areas in Northern California, where gas prices are tracked by AAA, Eureka has the highest average price at $4.13. The highest average price of gas, in the nation’s metro areas that AAA tracks, is in Wailuki, Hawaii. The price there is $4.53 per gallon. The lowest is in Greenville-Spartanburg-Anderson in South Carolina, where the price is $3.21 per gallon.
AAA Monthly Gas Price Averages: May 2013
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