San Francisco Gas Prices: Everything You Need to Know
If you have been keeping tabs on the price of gas during the last several months, you’ll know how prices have skyrocketed to record highs. As gas prices slowly went down, we had a bit of relief, but we’re again coping with another price hike. In fact, it has become so bad that some states have $6 per gallon prices now.
If you’re reading this, there’s a good chance that you’re concerned or outraged by sky-high San Francisco gas prices.
Today, we break down the San Francisco gas prices. How high are the gas prices in San Francisco? Which locations have the highest and cheapest gas in San Francisco? Why are we experiencing another wave of petrol price hikes? Keep reading to learn more.
San Francisco Gas Prices: A Breakdown
Experts predicted that gas prices would gradually mellow down from March’s record highs. However, that’s not the case because, as of this writing, the national average is $4.593, according to AAA. In addition, California crossed the $6 per gallon average for the first time ever and showed no signs of slowing down.
We’ve listed the current average for the city and county of San Francisco and compared it with prices over the last day, week, month, and year.
San Francisco Gas Prices City Averages
Current Avg:
- Regular: $6.295
- Mid-grade: $6.492
- Premium: $6.639
- Diesel: $6.820
Yesterday Avg:
- Regular: $6.297
- Mid-grade: $6.491
- Premium: $6.645
- Diesel: $6.827
Last Week Avg:
- Regular: $6.198
- Mid-grade: $6.353
- Premium: $6.519
- Diesel: $6.763
Last Month Avg:
- Regular: $5.787
- Mid-grade: $6.001
- Premium: $6.154
- Diesel: $6.586
Last Year Avg:
- Regular: $4.298
- Mid-grade: $4.471
- Premium: $4.613
- Diesel: $4.231
Below, we’ve created a quick graph depicting how San Francisco Gas Prices trended over the past year.
NOTE: All data and figures have been extracted from the AAA Gas Prices website and are being updated daily. Therefore, these prices may not reflect actual real-world prices.
As illustrated in the graph, San Francisco gas prices just march on an upward trend. A few weeks ago, consumers had a brief respite as prices went down slightly, but that certainly didn’t last long. Now, gas prices in San Francisco are at an all-time high, which is an added burden for Californians who already have the highest prices nationwide.
Where’s the Cheapest Gas in San Francisco, CA?
With these soaring prices, it’s more important than ever to find the least expensive stations in your area. We’ll refer to GasBuddy for the most up-to-date gas prices in San Francisco for this section.
Here are the top ten best gas prices in San Francisco, CA, according to GasBuddy:
- 76 in Antioch, CA: $5.44
- Costco in Antioch, CA: $5.44
- Valero in Concord, CA: $5.49
- Costco in Concord, CA: $5.49
- Safeway in Hercules, CA: $5.49
- Safeway in Pleasanton, CA: $5.59
- World in Concord, CA: $5.59
- HQ Fuels in Mill Valley, CA: $5.65
- Superior Gas in San Leandro, CA: $5.65
- 76 in Corte Madera, CA: $6.29
For comparison’s sake, we also researched the gas prices in some of the largest locations in San Francisco, including:
- San Jose: $5.45 - $5.59
- Concord: $5.49 - $5.89
- Alameda: $5.81 - $6.49
- Newark: $5.99 - $6.49
- Hayward: $5.59 - $5.99
- Pleasant Hill: $5.61 - $6.59
With the way things are going, residents of San Francisco will have to deal with $5-$6 per gallon gas prices. The lowest prices are from smaller cities or rural areas, which is not surprising. Meanwhile, the larger, more populated areas are already experiencing north of $6 per gallon, and it’s likely to stay that way for a while.
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Why Are San Francisco Gas Prices So High?
As of this writing, the state average of California is $6.067, with some of the worst cities having prices between $6.940 to $6.249. So many of you are probably asking, why are gas prices so ridiculously high in San Francisco and the country in general.
It’s the classic tale of low supply and high demand. The COVID-19 pandemic really did a number on the supply side of things, resulting in ongoing issues. One of the main culprits is the price of crude oil which drives gas prices up. Oil demand has decreased during the pandemic during lockdowns, but it has since rebounded while the supply chains struggled to keep up. According to experts, oil companies have labor shortages and problems keeping their equipment running.
In addition, Russia’s invasion of Ukraine undoubtedly impacted the price of crude oil, mainly due to sanctions by the U.S. and other countries. This turn of events has resulted in millions of barrels removed from the global supply.
To help Californians cope with skyrocketing gas prices, Gov. Gavin Newsom proposed an inflation relief package worth 11.5 billion in tax refunds. If the package is approved, vehicle owners will receive $400 checks for each vehicle they own, capped at two vehicles. Thus, if you own three or more vehicles, you’ll only receive a maximum of $800.
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Will Gas Prices in San Francisco Ever Go Down?
While experts were a bit optimistic a few months ago due to declining gas prices, many of them claim that we’ll be dealing with inflation in the long haul. Unless there’s a considerable reduction in demand or improvement in the global supply, gas prices will remain high. These resolutions are unlikely to happen any time soon, so gas prices are unlikely to go down and may even increase more as summer approaches. Some experts even predict that this may be our new normal.
At this time, the only thing consumers can do is take steps to save gas on their own. One popular way is to track gas prices across your location. The difference may not be that much, but it adds up. Carpooling is also a popular solution that lets you save on gas.
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