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Gas prices spiraling down
November 14, 2012, 05:00 AM Daily Journal Staff Report

Months of gasoline volatility have resulted in a severe drop in prices throughout the state, with the average cost of a gallon of gas in San Mateo down to $3.94, a reduction of 82 cents, according to AAA, which tracks the price of gas as a consumer service.

Every metro area in Northern California saw a decrease of at least 69 cents over the past month, according to AAA.

California’s average for a gallon of regular, unleaded gasoline is $3.85, down 82 cents since last month’s AAA report Oct. 9. For perspective, that’s 2 cents more than California’s average price on this date last year. Among all 50 states, Hawaii has the highest average price for regular, unleaded gasoline at $4.41. New York has the highest price, $3.99, in the lower 48 states.

Northern California gas prices are now averaging $3.82, down 81 cents from last month. In the San Francisco Bay Area, motorists can expect to pay an average price of $3.98, which is a 76 cent decrease from last month. The California state average price of $3.85 is down two cents, which is 41 cents more than the national price of unleaded regular gasoline, $3.44.

The least expensive average price in Northern California can be found in Modesto, where regular is $3.65 per gallon in that metro area. Yreka has the highest average price of $3.99. New York has the highest for the 48 contiguous states at $3.99, while the motorists in Missouri enjoy the lowest average price, $3.10. The highest price of gasoline in the nation’s metro areas is in Wailuku, Hawaii, at $4.29 per gallon, according to AAA. 

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