News

Bay Area gas prices continue to climb

Average gas prices in California are nation's highest

As California's average gas prices become the nation's highest, Bay Area motorists will be paying an average of 48 cents more per gallon of gasoline now compared to last month, a AAA spokesman said.

Gas prices are averaging $3.96 per gallon for the Bay Area this month, compared to February's $3.48 per gallon average, according to the AAA. Californians can expect to pay an average of $3.91 per gallon of gas, an increase of 50 cents from Feb. 8, according to the AAA.

"Largely due to unrest in the Middle East, investors have been willing to speculate that prices will increase further and that they will be able to make a profit on the product they are purchasing today," AAA spokesman Matt Skryja stated in a news release.

Until this uncertainty is removed from the market, crude oil and gasoline prices will rise in the coming days and weeks, Skryja stated the release.

The national average per gallon of gas is $3.52, which has increased by 40 cents from February's prices, according to the AAA. As prices rise, so do calls for President Obama to tap into the strategic petroleum reserve, an emergency stockpile of crude oil that the United States uses to protect the country from petroleum supply interruptions, AAA officials said. This reserve is designed as a tool to replenish domestic energy shortages, but AAA officials said that recent price increases have been driven by investor demands, not traditional supply and demand factors.

AAA recommends that consumers shop aggressively to find the lowest price for gas. The organization offers cell phone text alerts for low gas prices in local neighborhoods. Consumers can sign up for these alerts at www.aaa.com/gas.

— Bay City News Service

Comments

 +   Like this comment
Posted by HoleInTheHead
a resident of Old Mountain View
on Mar 10, 2011 at 2:52 pm

What was the gas peak price per gallon in the Bay Area circa 2008/2009?


 +   Like this comment
Posted by gas tracker
a resident of Cuesta Park
on Mar 10, 2011 at 4:45 pm

The highest I paid per gallon for gas in 2008 was $4.499 at a Valero in Cupertino in July 2008. The highest I paid in 2009 was only $3.199 in Sept 2009. And in 2011... only time will tell.


 +   Like this comment
Posted by Love to save gas
a resident of Blossom Valley
on Mar 12, 2011 at 1:40 pm

I keep 10 clams a week in my pocket just driving a little slower because of a great app I found in itunes called MPG Gas CalcuSaver. This app shows it only takes me a couple extra minutes of drive time a day to save a lot on gas - this is a big help these days with high gas prices. The app is easy and totally worth it.


 +   Like this comment
Posted by Kristine
a resident of Monta Loma
on May 2, 2011 at 9:42 am

Situations like this is why I'm glad I'm a cyclist.


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