Not Surprisingly, San Francisco Gas Prices Are Officially the Highest in State

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The picture says it all
Gas prices across the nation increased 18 cents over the past two weeks, with fuel costs hitting hardest in California, particularly in San Francisco, where prices peaked at $4.06 per gallon.

California prices increased 23 cents, which means the average driver is shelling out $3.99 per gallon for regular gasoline -- and yes, we have Chevron partly to thank for that. 

"The national price of gasoline bottomed out on July 2, 2012 and has been drifting higher ever since," Tom Kloza, chief oil analyst at Oil Price Information Service, wrote in an e-mail to SF Weekly.

Two factors struck California's gas economy: the increasing cost of crude oil, and the partial loss of production due to last week's fire at Chevron's Richmond refinery.

God only knows how many gallons of fuel went up in flames last Monday when the Richmond-based refinery caught fire due to a small leak. There were no major injuries, but California's gas prices certainly got burned.

Severin Borenstein, co-director of the Energy Institute at U.C. Berkeley's Haas School of Business, explained that California's gas prices are particularly volatile due to its fine market. The Golden State mandates companies to sell a particular mixture of gasoline, which no other states require. California refineries produce this type of gas mixture, but few other refineries in the nation make it, which means there's a limited supply, Borenstein, said. So, the state relies primarily on its own refineries to produce its fuel -- and if one California refinery suffers, the whole state takes the heat.

At the time of the fire, the Richmond refinery was producing about one-tenth of California's gasoline. The fire drove wholesale prices up 30 cents per gallon, Borenstein said. Meanwhile, crude oil has increased by as much as $15 dollars per barrel.

Although these stratospheric prices may cause some if you car-happy commuters to turn to BART -- or worse, Muni -- Borenstein says he's sure you will be back in your car in no time, calling this painful spike "a short-run blip."

"I don't think this is going to slow down the economy," he told us. "It will cost the economy a little bit, but there are other things to worry about."

True. Like the toxic air we are inhaling.

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6 comments
jandogg
jandogg

Well living in Las Vegas has it's advantages. Gas has been $3.43-$3.52.  It has made a steady rise of two or three cents a week. Still not bad.  If Mister Barack Obama would get rid of All of the Men in Congress,  & then  stop importing Oil, we wouldn't have this problem.   I thought the Constitution said  "We the People" not Us the Government .  We as AMERICANS  don't want their STINKING OIL !!!!!!!!

databayarea
databayarea

Gas prices has gone up even more ... I saw in the news a gas station selling gas for over $6! Yikes! Go to the link below to see a listing of where to get the lowest gas prices in the Bay Area:

 

http://databayarea.com/gases.html

NorCal Crowe
NorCal Crowe

Thanks for the feed back Eureka! Sorry that you get the worst of it. At least you get to live and love in the the most beautiful part of California!!!

Anabelle Bridgwater
Anabelle Bridgwater

Up here in Eureka (Humboldt County), gas is $4.39 at most big name stations. At Costco it's up to $4.22! We have consistently had the highest gas prices in the state.

NorCal Crowe
NorCal Crowe

Aren't SFs gas prices almost always the highest in the state???.....sometimes having perspective is a good quality to have...

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