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Bakersfield weekly gas price update

California moves to end sales of new gas-powered cars by 2035
Posted at 5:20 PM, Oct 05, 2020
and last updated 2020-10-05 20:20:28-04

BAKERSFIELD, Calif. — Bakersfield gas prices have fallen 4.0 cents per gallon in the past week, averaging $3.04/g today, according to GasBuddy's daily survey of 300 stations. Gas prices in Bakersfield are 2.7 cents per gallon lower than a month ago and stand 100.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Bakersfield is priced at $2.63/g today while the most expensive is $4.01/g, a difference of $1.38/g. The lowest price in the state today is $2.39/g while the highest is $4.25/g, a difference of $1.86/g.

The national average price of gasoline has fallen 0.7 cents per gallon in the last week, averaging $2.17/g today. The national average is down 4.3 cents per gallon from a month ago and stands 49.0 cents per gallon lower than a year ago.

"It's been a fairly quiet week for gas prices yet again, but with oil tanking last week, there's a possibility motorists may see a renewed downward direction in average prices in the days or weeks ahead," said Patrick De Haan, head of petroleum analysis for GasBuddy. "However, according to Pay with GasBuddy data, gasoline demand inexplicably rose last week to the highest level since August, breaking with conventional wisdom that fall demand is typically weak. While we have no direct reasoning for the rebound, five of seven days last week saw much above the prior week's gasoline demand, in fact, Friday saw the highest gasoline demand since Labor Day. If demand continues to somehow defy such conventional trends, we may see an end to the possibility of future declines."

GasBuddy data is accessible here.