California Gas Prices Drop Since Peaking After Memorial Day

California Gas Prices Drop Since Peaking After Memorial Day

California gas prices have dropped nearly 12 cents since peaking after Memorial Day, but tightening supplies and booming gasoline demand are forcing motorists to pay the highest August pump prices in four years. According to AAA, California’s average price for a gallon of unleaded, regular gasoline is just under $3.60. Prices in the Golden State have been steadily falling since June 3, when the State’s average price of fuel was $3.74—the highest price of 2018. AAA reports, gasoline demand flattened in July, and that brought some price relief to motorists, but demand for gasoline is still incredibly high in the U.S. due to the country’s booming economy especially on the west coast. And while some analysts predicted a $4 average gas prices for California gasoline demand flattened in July for the first time since 2012, causing pump prices to drop. For Amador County, the average price for unleaded gasoline is $3.15 and in Calaveras County the average is currently running at $3.25 per gallon. While gas prices in California have been falling since June, motorists are still paying nearly 80 cents more than the National Average of $2.85 a gallon.

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