Gas prices falling but remain high |

Gas prices falling but remain high

Sun wire report

SAN FRANCISCO ” Gas prices are going down, but there’s still a lot of room left for improvement.

According to a new report from AAA of Northern California, the statewide average cost for a gallon of regular unleaded gas is now $3.33. Today’s price is a decrease of 6 cents per gallon since the last AAA gas price report on Nov. 13, but still 83 cents higher than a year ago.

Gas at most Truckee-Tahoe service stations is currently priced at $3.40 a gallon, down 20 cents from a few weeks ago.

Some of the decline in gas prices is a result of falling cost for crude oil, the raw material from which gasoline is made. After peaking in November at nearly $99 per barrel, oil prices have dropped by more than 10 percent.

The most expensive average gas price in the California communities where AAA monitors fuel costs is in San Francisco, where regular unleaded sells for $3.55 per gallon. The lowest price among Northern California cities tracked by AAA is in Redding and Tracy, where gas costs an average of $3.23 per gallon.

Throughout Northern California, the average price is $3.36, a decrease of 6 cents per gallon since the last AAA gas price report. In the Bay Area, the average price is $3.51, down 2 cents from last month. The statewide average record high price of $3.49 was set on May 9.

The national average price for gas is now $3, down 11 cents from last month’s survey. The national average price is 33 cents a gallon less than the California statewide average price.

The least expensive gasoline in the country is found in Springfield, Mo., where regular unleaded costs an average of $2.68. The highest average price in the nation is in Wailuku, Hawaii, on the island of Maui, where a gallon of regular unleaded costs $3.77.

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