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Gas prices below last year’s levels

Posted: February 1, 2014 10:27 p.m.
Updated: February 1, 2014 10:27 p.m.
 

California’s gas prices continue to be significantly lower than last year, a fact that may be fueling a recent uptick in gasoline and diesel fuel use statewide, according to officials.

The average price for a gallon of regular, unleaded gasoline is $3.59 in the state of California, according to AAA’s Daily Fuel Gauge Report. That figure represents a sharp decline from last year, when the state’s average per-gallon price for unleaded gasoline stood at $3.82.

Despite the decline, California still has some of the highest average gasoline prices in the nation, trailing only Hawaii’s $4.02 per gallon, Alaska’s $3.65 per gallon and New York’s $3.63 per gallon.

The average price of a gallon of unleaded gasoline is slightly higher in the Los Angeles-Long Beach metropolitan area, standing at $3.62 according to AAA.

But the decline from last year is equally pronounced, when the price of a gallon of unleaded gasoline in the area cost $3.92.

At the beginning of 2013, gas prices were continuing to fall from the record high levels hit in 2012. At their highest level in October 2012, the average price for a gallon of unleaded gas hit $4.67 in the state and $4.71 in the Los Angeles-Long Beach metropolitan area, according to AAA.

Santa Clarita’s gas prices are largely in line with state numbers, ranging from $3.45 to $3.79 a gallon, according to GasBuddy.com, an online price tracking service.

The lower prices may be why state officials are reporting an increase in state use of gasoline in the last tracked quarter.

“Lower gas prices are leaving more money in consumers’ pockets and boosting economic activity,” said Board of Equalization Member George Runner in a news release. “That’s good news for California.”

Lmoney@signalscv.com
661-287-5525
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