Home Contra Costa County AAA: Drivers to Pay Lowest Labor Day Gas Prices Since 2004

AAA: Drivers to Pay Lowest Labor Day Gas Prices Since 2004

by ECT

According to data from AAA, they say prices at the pump continue to drop and drivers should pay the lowest gas prices for Labor Day weekend since 2004.

The national average price for regular unleaded gasoline has fallen for 14 consecutive days for a total of 20 cents per gallon. Today’s average price of $2.47 per gallon marks a savings of 12 cents per gallon compared to one week ago and 18 cents per gallon versus one month ago. Drivers nationwide continue to benefit from the relatively low price of crude oil with today’s average about 96 cents per gallon less than a year ago.

In East Contra Costa County, here is a look at Tuesday mornings prices at the pump:

  • Antioch:
    • $2.73 – Costco (Verne Roberts Cir)
    • $2.99 – Arco (Lone Tree & Buchanan)
    • $2.99 – Safeway (Deer Valley & Hillcrest)
  • Brentwood
    • $2.79 – Arco (Balfour & John Muir Parkway)
    • $2.83 – Arco (Lone Tree Way & Empire)
    • $2.87 – Sams (Lone Tree Way & Brentwood Blvd)
  • Discovery Bay
    • $2.87 – Safeway (CA-4 & Bixler)
    • $3.09 – Valero (Discovery Bay Blvd & Riverlake)
  • Oakley
    • $2.79 – Arco (Main St. & Cypress)
    • $2.95 – Tower (Main St. & O’Hara)
    • $2.99 – Shell (Bridgehead & Main)
  • Pittsburg
    • $2.79 – Bonfare (Railroad & Marks)
    • $2.81 – Arco (E. Leland & Loveridge)
    • $2.89 – Mobil (Railroad & Atlantic)

Gas in the Pacific Northwest remains the nations most expensive and all of the states represented the nations 10 most expensive:

  • Alaska ($3.40) is the nation’s most expensive market for retail gasoline
  • California ($3.35)
  • Nevada ($3.13)
  • Hawaii ($3.10)
  • Washington ($2.95)
  • On the other end of the spectrum, motorists in South Carolina ($2.02) are paying the lowest price at the pump in the nation.

On the whole, motorists nationwide are paying less per gallon at the pump. The average price is down week-over-week in 49 states and Washington, D.C., with the majority of states (45) posting savings of a nickel or more per gallon over this same period.

AAA says market fundamentals remain bearish, even as oil prices staged a rally late last week that pushed prices a bit higher compared to early-week trading sessions where both Brent and WTI exceeded multi-year lows. China’s economic health and the potential for Iranian oil to return to markets remain front of mind, and are expected to keep downward pressure on global crude oil prices. Oil prices were moving lower again at the start of formal trading today, further validating the sentiment that oversupply will continue to characterize the market in the near term.

At the close of Friday’s formal trading on the NYMEX, WTI settled at $45.22 per barrel recovering from six and a half year low of $38.25 per barrel reached last Monday.

Source: http://www.fuelgaugereport.com/drivers-to-pay-lowest-labor-day-gas-prices-since-2004/

Gas Prices provided by Gas Buddy


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