Basin gas prices hold steady |

Basin gas prices hold steady

Susan Wood

Following a Northern California trend, Lake Tahoe gasoline prices remained steady despite falling crude oil costs.

And the continuing high cost of crude may mean the end of the ride for any decline.

The average price for a gallon of regular unleaded fuel at Lake Tahoe stations is $1.76, down a penny from January’s survey issued by the American Automobile Association. That’s 8 cents more than the average price in Northern California.

The northern end of the state has had a 30-cent drop since September, but fuel prices are still 21 cents higher than they were a year ago. The highest fuel prices for the region are in San Francisco and San Mateo.

The lowest prices can be found in Fresno at $1.53 a gallon. With a 9-cent drop, Ukiah – at $1.69 – reports the biggest decline in one month.

At $1.65 a gallon, California and Nevada tie for the third most expensive gas in the nation. Hawaii’s $1.98 a gallon represents the highest, with no significant relief in sight.

“You can’t fine-tune oil prices, said Alan Kovaski, managing editor of Energy Business Watch. “It’s difficult for (Organization of Petroleum Exporting Countries) to get the crude oil prices exactly where they want, so they are trying for a midrange of around $30 a barrel. They know that high prices hurt customers and economies, but they are still worried about slumping prices.”

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