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GasBuddy reports Bakersfield gas is down 2.5 cents per gallon

Posted at 9:17 AM, Nov 14, 2016
and last updated 2016-11-14 12:17:56-05
Average retail gasoline prices in Bakersfield have fallen 2.5 cents per gallon in the past week, averaging $2.79 per gallon on November 13, according to GasBuddy's daily survey of 300 gas outlets in Bakersfield.
 
This compares with the national average that has fallen 4.9 cents per gallon in the last week to $2.15 per gallon, according to GasBuddy.com. 
 
The national average has decreased 8.8 cents per gallon during the last month and stands 1.4 cents per gallon lower than this day one year ago.
 
"Over the next few weeks expect prices at the pump to move lower based on market fundamentals, not politics," said Gregg Laskoski, senior petroleum analyst for GasBuddy. "Inventories remain healthy and wholesale gasoline prices across the U.S. today, on average, are more than 10 cents per gallon lower than where they stood just a week ago." 
 
According to GasBuddy historical data, gasoline prices on November 14 in Bakersfield have ranged widely over the last five years:
  • $2.83/g in 2015
  • $3.24/g in 2014
  • $3.59/g in 2013
  • $3.91/g in 2012
  • $3.81/g in 2011

"Over the next few weeks expect prices at the pump to move lower based on market fundamentals, not politics," said Gregg Laskoski, senior petroleum analyst for GasBuddy. "Inventories remain healthy and wholesale gasoline prices across the U.S. today, on average, are more than 10 cents per gallon lower than where they stood just a week ago."