Personal Finance
Gas Prices Rise Again: Highest, Lowest Prices In Rohnert Park-Cotati
The nation's 99-day streak of falling gasoline prices just ended but in California, prices have been inching up for weeks.
ROHNERT PARK-COTATI, CA — While the majority of the nation reveled in a 99-day run of falling gas prices — which was finally broken Wednesday — Californians have continued to feel pain at the pump this month.
Fuel prices across the state have been rising steadily after a period of lower gas prices over the summer.
On Thursday, the cost of a regular gallon of gas in California rose to $5.51, up 8 cents from one week ago. Meanwhile, the nationwide average price for a gallon ticked up less than a 1 cent on Wednesday, to $3.68 a gallon, according to AAA. That's down from the record $5.02 average in mid-June.
Find out what's happening in Rohnert Park-Cotatifor free with the latest updates from Patch.
In Sonoma County, the average price for a regular gallon of gas Thursday was $5.632, up from $5.631 on Wednesday.
The most affordable gas Thursday in Rohnert Park could be found at Costco, 5901 Redwood Drive. Regular gas was going for $5.28 a gallon at the station, according to GasBuddy, while the cheapest gas Thursday in Cotati was $5.31 at Save On Gas, 8505 Gravenstein Highway.
Find out what's happening in Rohnert Park-Cotatifor free with the latest updates from Patch.
The most expensive gas in Cotati appeared to be at the Chevron Extra Mile station at 766 E. Cotati Ave. where a gallon of regular Thursday was $5.89. In Rohnert Park, the most expensive gas was at Chevron & Extra Mile, 4990 Commerce Blvd.
Although Californians continued to endure the highest gas prices in the country, with prices still inching up in many areas in September, the nation’s 14-week decline in prices was the longest streak since 2015.
Gas prices typically reflect trends in global oil prices, and crude — both the U.S. benchmark and the international Brent — have been slumping since mid-June on growing fears of a global recession that would reduce demand for energy.
Many energy analysts believe that prices are more likely to rise than fall in the next few months. However, changes in sentiment about the economy, Russia's war against Ukraine, and even hurricane season — always a threat to disrupt refineries along the Gulf Coast — make predictions uncertain.
“I suspect that we will see choppy prices for gasoline through year end, with some down days and up days,” said Tom Kloza of the Oil Price Information Service.
Kloza predicted that the next streak will be a run of price increases early next year, driven by investors, speculators, and “the fear that there won’t be enough fuel to go around.”
In June, the nationwide average price soared above $5 a gallon — and over $6 in California — as economic recovery and travel increase boosted gasoline demand, and Russia's war in Ukraine caused a spike in oil prices.
The surge in prices caused financial pain for families and a political headache for both Gov. Gavin Newsom and the Biden administration.
In the Golden State, gas rebate checks, dubbed the Middle-Class Tax Refund, were expected to start hitting bank accounts in October to help offset costs raised by inflation and trends in global oil.
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