Gasoline prices falling ahead of Memorial Day holiday

The Fresno BeeMay 13, 2014 

Alfonso Balboa glances at the gas prices, as he fills up his pickup March 27 at the Chevron at Ventura and Cedar avenues.

JOHN WALKER — THE FRESNO BEE Buy Photo

Valley gasoline prices are dropping and are expected to continue to fall through Memorial Day weekend.

Analysts for AAA of Northern California say the yearly spring runup in prices is over -- as long as no unforeseen issues affect supply.

"Stockpiles are high," says AAA spokeswoman Cynthia Harris. "We are in very good shape right now."

Prices rise each year as refineries switch to a cleaner-burning summertime blend of gasoline, she said. Prices are still higher than a month ago, but have been dropping for the last week statewide, AAA noted in its monthly gas price report released Tuesday.

Statewide, prices dropped 6 cents in the last week to an average $4.18 for a gallon of unleaded.

In Fresno, the average was $4.12 a gallon Tuesday -- up 12 cents since this time last month, but down 7 cents in the last week.

The average price in the Visalia-Tulare-Porterville area was $4.12 a gallon -- up 7 cents in the last month, but down 6 cents in the last week.

Nationally, prices have fallen for two weeks straight, with the average price at $3.64.

Prices are expected to continue falling, despite any increase in demand due to people traveling over the holiday weekend, Harris said.

The reporter can be reached at (559) 441-6431, bclough@fresnobee.com or @BethanyClough on Twitter.

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