The averaged price for gas remained above $3 in the Bay Area but has dropped below that mark statewide due to high supplies and weak consumer demand, according to an AAA survey released today.
The average price of a gallon of regular unleaded gasoline in the Bay Area is $3.10, down 6 cents from the agency’s report released on Oct. 13.
Vallejo had one of the lowest average gas prices in the region at $2.97, while San Francisco was among the highest at $3.11.
In California, the price of a gallon dropped to $2.98, down 4 cents from last month. However, the state still has the third-highest average gas price in the nation, and the price is still well above where it was in November 2008 when Californians were paying $2.55 per gallon.
The national average price of gas rose from last month, up 18 cents to $2.66.
AAA officials believe the price of gas should remain relatively steady in the near future for Northern California and the nation.
“When it comes to oil and gas prices, a balancing act of sorts is currently in effect,” AAA spokesman Matt Skryja said in a statement.
“A weak dollar is spurring investors to buy oil, which is helping to drive up the price per barrel. However, vast oil reserves and weak consumer demand are helping to keep prices at the pump relatively stable for motorists across most of Northern California,” Skryja said.