The price of gas is falling, at least for some of our neighbors north of Fresno, to under $2 a gallon.
In Fresno, the cheapest gas reported Thursday on GasBuddy.com was $2.14 a gallon at the ARCO gas station on Kings Canyon Road and Winery Avenue in southeast Fresno.
The average price for a gallon of unleaded gas in Fresno was $2.47, a penny more than the day before and a little more than the state average of $2.43, according to AAA of Northern California. The national average hovers around the $2 mark.
When will the exciting low price hit Fresno?
Don’t get your hopes up, said Allison Mac, an oil analyst at GasBuddy, which reports fuel prices from filling stations across the country.
“It’s actually inching back up a little,” Mac said. “It’s not looking like we’ll see prices below $2 in Fresno.”
Cities north of Fresno may see cheaper gas prices because they are closer to the refineries or there is less demand, Mac said. Fresno is between Los Angeles and San Francisco where travel is heavy and prices can be a bit higher, she said.
Or what people might be seeing in Northern California cities is simply competition between gas stations, said Cynthia Harris, AAA spokeswoman.
Prices have stabilized, Harris said, but anything from a weather disaster to supply can cause the cost to increase.
Spring is coming, which means a switch, probably in March, from the winter gas blend to the more expensive summer blend. Then the busy travel season will hit, Harris said, at which time gas typically goes up.