California gasoline prices dropped by the smallest of margins overnight, marking the first decline since the fire at Chevron's Richmond refinery in the Bay Area on Aug. 6. The U.S. average for a gallon of regular gasoline was unchanged since Sunday, leading some analysts that the spike in summer fuel prices may be over.
"The national average has finally begun to cool off after rising nearly every day since the start of July," said GasBuddy.com senior petroleum analyst Patrick DeHaan. "As the West Coast and Great Lakes see refining issues in the rear-view mirror and the end of the summer driving season, we may see a new downward pattern develop which could see average prices falling."
GasBuddy operates LosAngelesGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada.
The average price of a gallon of regular gasoline in California is $4.118, down 0.1 cents since Sunday, according to the AAA Fuel Gauge Report. That was also 35.3 cents a gallon higher than last month and 3.5 cents higher than last week.