According to the latest fuel report from AAA, the average price for a gallon of unleaded gas in California has dropped to $2.84, a savings of $1.01 from last year’s prices at the same time.
Current averages place the cost of a gallon at $2.74 in Northern California, a drop of $0.06 from last month.
In Oakhurst Tuesdsay, the cost for a gallon of unleaded regular was $2.54 at Yosemite Gas and Valero.
The least expensive fuel is in Marysville, at an average of $2.47, with the priciest gas in San Francisco at $2.89 a gallon for unleadeded regular gasoline.
“Gasoline demand typically retreats during the month of November, offsetting any major spikes in price due to supply shortages,” said Cynthia Harris, spokesperson for AAA Northern California. “But unplanned outages could create volatility and put pressure on the state and national average in the near term.”
Changes in plant operations, such as at a Chevron refinery in Richmond, as well as a strengthening U.S. dollar led to expectations a market oversupply will continue in gasoline in the near term.