Wednesday, June 14, 2006

Cali Gas Prices Slip Sliding

You may not have noticed it unless you had to fill up your car lately, but gas prices are coming down in California.

Californians are experiencing a rare reprieve at the gas pump, with the state's average price for a gallon of regular dropping 12 cents in the past month to hit $3.26 Tuesday.

But that's still far above what the rest of the country pays, with the national average at $2.90, according to the AAA of Northern California auto club. And it's nearly a dollar more than California drivers spent this time last year as they geared up for their summer vacations.

The state's average set an all-time record of $3.38 in mid-May and then started drifting down as refineries increased gasoline production for Memorial Day. San Francisco's prices dropped about 8 cents in the past month, hitting $3.28 per gallon Tuesday. San Jose's tumbled 15 cents, to $3.22, while Oakland's fell 12 cents to $3.22.