California continues to be the most expensive market for retail gasoline nationwide and prices are moving higher as the summer-blend continues to make its way to stations statewide, according to the latest AAA Fuel Gauge Report.
The latest AAA gas survey show the state pump price of unleaded regular is $2.77 per gallon, 28 cents higher than a month ago, but still cheaper than a year ago, when prices registered at $3.10 per gallon.
The least expensive fuel can be found in Ukiah, where the average price for a gallon of regular is $2.49. The highest price is in San Francisco and Eureka, where the average price is $2.85 a gallon, up $0.28 and $0.20 respectively, from last month’s AAA gas survey.
In Oakhurst, prices for unleaded regular run from $2.59 at Yosemite Gas, Vons, and Valero, to $3.09 at Chevron.
“State pump prices are likely to fluctuate as the supply of summer-blend gasoline continues to make its way to terminals statewide,” said Cynthia Harris, AAA Northern California spokesperson. “The restart of the Exxon Mobil’s Torrance refinery and the gasoline market is poised to be well supplied as we enter the busy summer driving season. Barring any major disruptions or shortages in supply, the above factors may keep pump prices relatively steady in the coming weeks.”
On April 12, the national average of $2.06 per gallon is the lowest for this day since 2009 and average prices are about 35 cents per gallon cheaper than a year ago.
Refineries are increasing their utilization rates, following the spring maintenance season, and as a result the U.S. Energy Information Administration (EIA) reported an increase in domestic gasoline inventories.