NewsCalifornia News

Actions

Analyst: Gas prices in California may drop slightly

San Diego analyst: Gas prices in California may drop slightly
Gas Prices, Bakersfield (FILE)
Posted
and last updated

(KERO) — It's no secret that gas prices are still hurting the wallets of countless Californians. But one San Diego analyst predicts those prices could drop slightly for the state.

Patrick de Haan is the head petroleum analyst at GasBuddy. He says that while the amount of oil being released over the next six months is not huge compared to our national consumption it is enough to help fill the gap left by the Russian oil ban.

He says he expects to see a drop in prices in the coming weeks and that given the pandemic anything that can reduce financial stress for Californians is a good thing.



"It's the psychological effect of fear. It's a very profound and strong emotion and that's the way the market reacts to uncertainty. We're still in the middle of the pandemic. We're hoping we're coming out of it, but there's been a tremendous amount of supply chain issues that have held back U.S. oil production. That's part of the problem."

De Haan also adds that a big source of frustration for Californians are the high state gas taxes.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Thursday

08/21/2025

Mostly Sunny

103° / 77°

0%

Friday

08/22/2025

Mostly Sunny

108° / 80°

0%

Saturday

08/23/2025

Partly Cloudy

105° / 80°

1%

Sunday

08/24/2025

Sunny

106° / 79°

1%

Monday

08/25/2025

Sunny

104° / 78°

5%

Tuesday

08/26/2025

Sunny

103° / 75°

4%

Wednesday

08/27/2025

Sunny

100° / 74°

0%

Thursday

08/28/2025

Sunny

96° / 73°

0%