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Gas Prices on the Rise Again

The pump prices have jumped in all but one metro area across Northern California, according to the latest report from AAA Insurance, which tracks gas prices as a service to consumers. According to AAA, half of the Northern California metro areas tracked by the organization had double digit increases over the past month. Matt Skryja with AAA says investor concerns and political unrest are the driving force behind the higher prices.

“Officially why gas prices are going up is because they are following where oil prices are going and oil prices have largely been driven by investor behavior and they’re looking at what’s been going on with Iran and positive economic indicators in China and the U.S. and those two things combined have driven up the price.”

The Golden State’s average for a gallon of regular, unleaded gasoline is $3.70, up 11 cents since last month’s AAA report on December 13. For perspective, that’s 35 cents higher than California’s average price on this date last year. Among all 50 states, California has the third highest state average price for regular, unleaded gasoline. Hawaii is first and Alaska is second. Northern California gas prices are now averaging $3.67, up nine cents from last month. The least expensive average price in Northern California can be found in Ukiah where regular is $3.53.

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