Gas prices expected to continue rapid drop in California
Gas prices are falling quickly in California, and that trend is expected to continue in the days to come according to industry experts.
Will Speer with GasBuddy said Monday that the average per-gallon price statewide fell nearly nine cents over the past week.
Despite the drop, prices in California—and especially along the Central Coast—continue to be among the highest in the nation. Speer said they're up more than 27 cents-per-gallon, year-over year because of refinery issues in December.
"California is going to finally benefit from these low crude prices," said Speer. "Although the prices got propped up higher than were expected, that means they're going to be able to fall faster as a result."
Speer said he expects prices to continue their current rate of decline over the next couple of weeks.
AAA showed on Monday that San Luis Obispo County's current average was at $2.92 a gallon. Santa Barbara County was about five cents lower. Monterey County had the least expensive Central Coast gas prices at $2.60 a gallon.