Bay Area gas prices drop 30 cents since January

FILE - In this July 16, 2015, photo, a customer refuels her car at a Costco in Pittsburgh. U.S. consumer prices rose modestly in October, 2015 as low gasoline costs and a strong dollar have suppressed inflation. The Labor Department says the consumer price index rose 0.2 percent last month after falling in September and August. Gas costs increased 0.4 percent in October but have plunged 27.8 percent over the past 12 months. (AP Photo/Gene J. Puskar)

SAN FRANCISCO (KRON) — Bay Area gas prices fell 30 cents in one month and may stay low even though they typically increase in the spring, according to AAA.

High inventories of gasoline and continued production are being given as reasons for the continued low prices, which haven’t been lower since the Great Recession.

The average price of gas in the Bay Area is $2.42 in February, down 30 cents from January, according to AAA officials. Prices were down at least 21 cents in all Bay Area metropolitan areas compared to last month.

In San Francisco, the average price of gas dropped 25 cents while in San Jose the price dropped an average of 32 cents. The price in Oakland dropped an average of 31 cents, according to AAA.

AAA officials said demand for gas typically increases in February, which is also the start of gas refinery maintenance season when prices can go up.

But because gas and crude oil inventories are high, gas prices may stay low this year if no major supply disruptions or cuts in production occur, AAA spokeswoman Cynthia Harris said.

The national average price for gasoline is $1.73 and the average price in California is $2.49, according to AAA.

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