The average retail price of gasoline in California continues its slow, steady march downward toward $2.50 a gallon, a threshold that some energy analysts believe could be reached by the close of October.
On Monday, national price tracker GasBuddy.com said the average price of gas statewide was $2.68 a gallon, a decline of 3.8 cents over a week’s time. The current price is down nearly 30 cents from last month and 89.4 cents below the year-ago level.
Nationwide, the average at-the-pump price of $2.29 a gallon was nearly unchanged from the previous week. The national average is down 11.4 cents from last month and nearly a dollar cheaper than at this time last year.
“While the rate of decline has slowed, we still expect the overall decline to continue this week with a nominal decrease in retail gasoline in most parts of the country,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.