Business & Real Estate

AAA says gas price decline could continue through Labor Day

Gasoline prices throughout California are falling amid a perfect storm of positive circumstances, a comparative rarity in Golden State fuel markets.

Statewide, the average price of unleaded regular was $3.56 a gallon, according to AAA’s monthly gas price survey, released Tuesday. That was down 24 cents from the July 14 survey.

The average throughout Northern California on Tuesday was $3.33 a gallon, down 13 cents in one month. In Sacramento, unleaded regular was going for an average $3.22 a gallon, down 14 cents from July.

“As summer driving season concludes, the higher demand for fuel has shifted, creating a drop in gas prices,” Cynthia Harris, AAA Northern California spokeswoman, said in a statement. “Plus, strong production at refineries signals oversupplies of crude oil, which could mean notable drops in gas prices leading up to the Labor Day holiday.”

Harris also noted that the average at-the-pump price in California has fallen for 15 consecutive days.

The least expensive gas in Northern California on Tuesday was in Marysville, where regular unleaded was going for $3.09 per gallon.

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