Business News
WALNUT CREEK, Calif. – Californians are paying the highest pump prices in the United States to start the year – a penny more expensive than Hawaii, which typically has the most expensive gasoline in the country.
Despite owning the unfortunate title of most expensive gas, prices in the Golden State have dropped considerably over the last two months.
The average price of gasoline in California was $3.27 as of late Monday, 13 cents cheaper than last month, and nearly 50 cents cheaper than the beginning of November.
"Californians are paying more for gasoline than anywhere else in America, including Hawaii. That can be frustrating for motorists, especially those with longer commutes," said Michael Blasky, a spokesman for AAA Northern California. "But gas prices are much cheaper than 60 days ago, when many Bay Area stations flirted with $4 gasoline."
Gas prices have been steadily falling across the country since November, when the global price of oil suddenly took a dive.
Wall Street investors had driven the price of oil higher by betting that renewed U.S. sanctions against Iran, a top oil producer in the world, would cause oil demand to rise.
But demand for oil and gas has actually fallen in the last two months, with some analysts on Monday predicting an economic slowdown based on forecasts coming from countries like China.
"If global demand for oil falls in the future, that would likely bring gasoline prices down even further. But right now, demand for energy remains very strong across the world," Blasky said.
AAA’s Fuel Gauge Report is the most comprehensive retail gasoline survey available, with over 100,000 self-serve stations surveyed every day, nationwide. Data is provided in cooperation with OPIS Energy Group and Wright Express LLC.
Despite owning the unfortunate title of most expensive gas, prices in the Golden State have dropped considerably over the last two months.
The average price of gasoline in California was $3.27 as of late Monday, 13 cents cheaper than last month, and nearly 50 cents cheaper than the beginning of November.
"Californians are paying more for gasoline than anywhere else in America, including Hawaii. That can be frustrating for motorists, especially those with longer commutes," said Michael Blasky, a spokesman for AAA Northern California. "But gas prices are much cheaper than 60 days ago, when many Bay Area stations flirted with $4 gasoline."
Gas prices have been steadily falling across the country since November, when the global price of oil suddenly took a dive.
Wall Street investors had driven the price of oil higher by betting that renewed U.S. sanctions against Iran, a top oil producer in the world, would cause oil demand to rise.
But demand for oil and gas has actually fallen in the last two months, with some analysts on Monday predicting an economic slowdown based on forecasts coming from countries like China.
"If global demand for oil falls in the future, that would likely bring gasoline prices down even further. But right now, demand for energy remains very strong across the world," Blasky said.
AAA’s Fuel Gauge Report is the most comprehensive retail gasoline survey available, with over 100,000 self-serve stations surveyed every day, nationwide. Data is provided in cooperation with OPIS Energy Group and Wright Express LLC.
- Details
- Written by: AAA
The California State Fair is looking for home beer brewers who have all of the ingredients it takes to make the best homebrew.
Whether it’s the strong bitter profile of an IPA or malty overtones of a brown ale, anyone over the age of 21 can now enter their beverage into the Homebrew Competition, now open until Feb. 8.
The Homebrew Competition offers all Californians the opportunity to compete with other home brewer masters from across the state and to receive valuable feedback from industry experts.
There is no procrastinating. Everyone is invited to get to hoppin and enter their tasty brew into the competition and fight for the 2019 California State Fair Blue Ribbon for Best Homebrew.
For details on how to enter, click here for the Homebrew Competition Guidebook.
Whether it’s the strong bitter profile of an IPA or malty overtones of a brown ale, anyone over the age of 21 can now enter their beverage into the Homebrew Competition, now open until Feb. 8.
The Homebrew Competition offers all Californians the opportunity to compete with other home brewer masters from across the state and to receive valuable feedback from industry experts.
There is no procrastinating. Everyone is invited to get to hoppin and enter their tasty brew into the competition and fight for the 2019 California State Fair Blue Ribbon for Best Homebrew.
For details on how to enter, click here for the Homebrew Competition Guidebook.
- Details
- Written by: California State Fair
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