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Tuesday, 16 January 2007 12:27

Gas Prices Should Continue Fall

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Gasoline prices in California are due to fall -- significantly -- as long as yesterday’s refinery fire in the East Bay doesn't interfere. Gas prices, after bottoming out in early November, rose about 20 cents before stabilizing last week, a trend that baffled motorists and experts alike. Any sign of a drop would be welcome news for Californians, who paid an average of $2.62 a gallon Monday for self-serve regular, up 6 cents from a month ago, according to AAA. Sacramento's average was $2.59, up a dime from last month. Locally, the gas prices continue to flacuate. Last week the Kwik Serve in Jackson dropped their price on regular unleaded to 2.49 a gallon- and then ran out of gas. Don’t expect the prices to remain the same for long though. By late February, refiners in California will start their annual change-over to summer-blend gasoline formulas. Summer gas is harder to make, causing an almost inevitable increase in prices.

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The Sacramento Bee Contributed to this story. 

Read 1129 times Last modified on Friday, 28 August 2009 02:05