Business

Here’s why gas prices are high in Sacramento, Stockton, Modesto




Average gas prices in Sacramento, Stockton, Modesto and other parts of California have risen to record highs in recent days, according to AAA’s gas prices website. The price increases for petrol follow an increase in the price of crude oil and higher demand in Europe, the Associated Press reported. In Sacramento, regular lead-free reached its highest recorded average price on Friday of $ 4,680 per gallon. That was up from $ 3,181 a year ago. The average price of gas in Stockton broke the record on Saturday at $ 4,609. Modesto broke the record on Monday at $ 4,560. AAA spokesman Sergio Avila said the engine and travel member organization has been tracking gas prices since 2000. Overall, the current average gas price in California for regular lead-free is $ 4,625. It̵[ads1]7;s just a few cents away from a state record, $ 4,671 on October 9, 2012, Avila said. California prices are well above the national average, which was $ 3,422 on Monday. The national record is $ 4,114 as of July 17, 2008. Golden State also has sky-high prices in other counties. Mono County’s average lead-free price on Monday was $ 5,562 and Alpine County’s $ 5,499. Prices in the Bay Area are also high. San Rafael, San Francisco and Santa Rosa all had average prices above $ 4.80. Central Coast also set records, KSBW reported. According to GasBuddy.com, which tracks prices at more than 150,000 gas stations across the country, there may be “small declines” in the price of gas across the country this week due to oil prices falling briefly. “Gas prices are likely to fluctuate a few cents a week, but we do not expect significant falls until the price of crude oil consistently stays below $ 80 per barrel,” Avila said with AAA.

Average gas prices in Sacramento, Stockton, Modesto and other parts of California have risen to record highs in recent days, according to AAA’s gas prices website.

The price increases for petrol follow an increase in the price of crude oil and higher demand in Europe, the Associated Press reported.

In Sacramento, regular lead-free reached its highest recorded average price on Friday of $ 4,680 per gallon. That was up from $ 3,181 a year ago.

The average price of gas in Stockton broke the record on Saturday at $ 4,609.

Modesto broke the record on Monday at $ 4,560.

AAA spokesman Sergio Avila said the engine and travel member organization has been tracking gas prices since 2000. Overall, the current average gas price in California for regular lead-free is $ 4,625. It’s just a few cents away from a state record, $ 4,671 on October 9, 2012, Avila said.

California prices are well above the national average, which was $ 3,422 on Monday. The national record is $ 4,114 as of July 17, 2008.

Golden State also boasts sky-high prices in other counties.

Mono County’s average lead-free price on Monday was $ 5,562 and Alpine County’s $ 5,499.

Prices in the Bay Area are also high. San Rafael, San Francisco and Santa Rosa all had average prices above $ 4.80.

Central Coast also set records, KSBW reported.

According to GasBuddy.com, which tracks prices at more than 150,000 gas stations across the country, there may be “small declines” in the price of gas this week across the country due to a brief fall in oil prices.

“Gas prices are likely to fluctuate a few cents a week, but we do not expect significant falls until the price of crude oil consistently stays below $ 80 per barrel,” Avila said with AAA.



Source link

Back to top button