The average price of a gallon of gas in Contra Costa County is $6.06 while the state average in California sits at $5.98. Nationally, gas prices stand at $4.48 per gallon.
Gas in the state has increased from $5.82 a week ago and up from the $5.70 a month ago.
While Contra Costa County as a whole may be above $6, per GasBuddy, East Contra Costa County is lower as the City of Antioch, several Arco stations are showing gas prices at $5.59 per gallon with Safeway at $5.49 per gallon and Costco at a low of $5.39. In the City of Brentwood showing $5.89 at Arco while city of Oakley shows Arco at $5.55 per gallon. Meanwhile, Discovery Bay is showing $6.19 at Valero.
In other parts of Contra Costa County, in the City of Concord, similar prices at Arco at $5.49 per gallon while San Ramon Valero is at $6.09 with Chevron showing $6.39 per gallon. The City of Walnut Creek is showing Chevon at $5.99 while Mobil is at $6.09. In Richmond, gas at Arco was as low as $5.63.
California average gas prices
|Week Ago Avg.||$5.829||$6.019||$6.158||$6.508|
|Month Ago Avg.||$5.708||$5.921||$6.054||$6.312|
|Year Ago Avg.||$4.128||$4.315||$4.435||$4.136|
AAA said last week:
According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 3.6 million bbl to 225 million bbl last week. Gasoline demand also decreased slightly from 8.86 million b/d to 8.7 million b/d. Typically, lower demand would put downward pressure on pump prices. However, crude prices remain volatile, and as they surge, pump prices follow suit. Pump prices will likely face upward pressure as oil prices stay above $105 per barrel.
At the close of Wednesday’s formal trading session, WTI increased by $5.95 to settle at $105.71. At the beginning of the week, the price of crude oil slid below $100 per barrel due to global market concern that crude demand will suffer as COVID lockdowns in China remain in place. However, crude prices reversed course yesterday over growing market worries that Ukrainian and European Union actions against Russian oil-and-natural gas companies could spark retaliation by Russia that leads to more market disruption and uncertainty. Crude prices rose despite EIA reporting that domestic crude supply increased by 8.5 million bbl to 424.2 million bbl. The current level is approximately 12.5 percent lower than during the first week of May 2021.