Gas prices continue to soar

Bay Area residents should prepare to pay more at the pump in coming months, according to a report released today from the Automobile Association of America that indicates that average statewide gasoline prices are 28 cents above the national average.

AAA reports that prices have climbed to $3.39 per gallon of regular unleaded gasoline, nearly reaching all time highs records set earlier in 2007.

Today's average statewide price is 32 cents higher than the statewide average from the Oct. 16 AAA report, according to officials. The price is also a 50-cent jump from the average price per gallon of gas two months ago.

Bay Area residents are especially hard hit, paying an average of $3.53 per gallon of gasoline today, up from the $3.19 per gallon average Oct. 16.

The national average price of gas per gallon has also risen, up to $3.11, which is a rise of 35 cents from Oct. 16, according to AAA.

“The effects of the recent spike in oil prices probably haven't finished trickling down to the gas station where you fill up. So bad as it is now, it's likely to get worse, at least in the short term,” spokesman Sean Comey said.

AAA reports that the U.S. Department of Energy predicts another 20 cents per gallon rise in the average price for regular unleaded gas.

Averages are high because of the increased costs of crude oil, which currently costs an all time high of $98.62 per barrel, according to AAA.

The most expensive price of regular unleaded gasoline per gallon in the state was found in Tahoe City, where it was sold for $3.60 per gallon, according to AAAreports.

The least expensive gasoline prices in the country were found in St. Louis, where a station offered a gallon of regular unleaded gasoline for $2.86, according to AAA.

— Bay City News

Bay Area NewsLocal

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