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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.



The Sacramento Bee Contributed to this story. 

Read 1291 times Last modified on Friday, 28 August 2009 02:05