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Uploaded: Thursday, November 15, 2012, 11:04 AM
Bay Area gas prices continue to drop
Per-gallon average is down 69 cents since October
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Drivers going to the pump throughout the Bay Area will be paying less to fill up their tanks in the next couple weeks, an American Automobile Association Northern California spokeswoman said.
Gas prices in the Bay Area have dropped to an average of $3.98 per gallon for regular unleaded fuel, down 69 cents since October, spokeswoman Cynthia Harris said. The dip in price can be attributed to lower crude oil prices, the seasonal switch from the summer to winter blend, and reduced demand, Harris said.
Vallejo has the lowest price at the pump in the Bay Area, costing $3.78 per gallon of regular unleaded gas, Harris said. The price in Vallejo is 80 cents cheaper than one month ago today, she said.
San Francisco has the highest gas prices on average, costing $3.96 per gallon, down 67 cents from last month, Harris said. Harris said in the current trend, prices will continue to drop at a penny per day.
"Barring any unforeseen circumstances, prices could drop around six to eight cents by Thanksgiving," Harris said. "Prices could continue to see more drops after Thanksgiving, but probably won't drop below $3.87," she said, speaking of the Bay Area average.
Harris said the gas prices are reaching their normal price for this time of year. Nationwide, the average price for gas is $3.44, a 38-cent drop from early October, Harris said. By the end of the year, the national average in gas price will be somewhere between $3.10 and $3.40 per gallon, she said.— Bay City News Service Are you receiving Express, our free daily e-mail edition? See a sample and sign-up for Express.
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Posted by jupiterk, a resident of the Gemello neighborhood, on Nov 15, 2012 at 2:44 pm Yeah, sure, they are falling like there is no bottom. I feel like drinking and taking shower in it at these prices. Let me know when it goes to $1.10, then I would know that it is really cheap.
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Posted by kman, a resident of the Monta Loma neighborhood, on Nov 16, 2012 at 6:52 am $1.10, you kidding me, the gas company and the Government will make sure that will never happen.
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Posted by price fixing, a resident of the Shoreline West neighborhood, on Nov 16, 2012 at 8:21 am The government has little control over gas prices. If gas prices get too low in California, the oil companies will just export gas to foreign countries where they can get higher prices. Even gas that is refined in the Bay Area regularly gets shipped out to Central America or Asia.
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Posted by Y12K, a resident of the Slater neighborhood, on Nov 16, 2012 at 10:34 am Woo hoo! Time to by that full sized SUV!!!
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Posted by Mathlete, a resident of the Martens-Carmelita neighborhood, on Nov 16, 2012 at 1:56 pm The article says that the Bay Area average is $3.98 and the highest prices are in SF with an average of $3.96. This doesn't seem to make sense since the overall average ought to lie between the highest and lowest subaverages.
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Posted by Mike, a resident of the Old Mountain View neighborhood, on Nov 16, 2012 at 2:41 pm Mathlete, Journalists aren't very good at math. If they were, they'd be engineers.
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