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- Written by: AAA
In the thick of summer, gas prices are laying low with the average for a gallon of regular gasoline in California at $4.50, dropping three cents from a week ago.
“While the state’s excise tax increased by 1.6 cents a gallon at the beginning of the month, California gas prices are actually trending much lower than last summer, when gasoline was 23 cents higher per gallon than it is today,” said Doug Johnson, spokesperson for AAA Mountain West Group. “Meanwhile, the impact of new stricter air quality regulations — which went into effect July 1 — on gas prices remains unknown.”
The national average for a gallon of regular is also down one cent to $3.16, from last week. Pump prices have dipped to match the summer of 2021, the last time seasonal gas prices were this low.
However, a low-pressure system off the Gulf Coast has the potential — albeit low — to strengthen, and it’s something to watch as it moves westward.
This time of year, tropical activity can have an effect on gas prices if there’s damage to refineries or if local flooding affects gasoline distribution or demand.
Fuel prices around the state:
Lake County: $4.43
San Francisco: $4.68
Oakland: $4.56
San Jose: $4.51
Sacramento: $4.46
Fresno: $4.57
Stockton: $4.34
According to new data from the Energy Information Administration, or EIA, gasoline demand decreased from 9.15 million b/d last week to 8.48. Total domestic gasoline supply increased from 229.5 million barrels to 232.9. Gasoline production decreased last week, averaging 9.1 million barrels per day.
Oil market dynamics
At the close of Wednesday’s formal trading session, WTI fell 14 cents to settle at $66.38 a barrel. The EIA reports crude oil inventories fell 3.9 million barrels from last week. At 422.2 million barrels, U.S. crude oil inventories are about 8% below the five-year average for this time of year.
EV charging
The national average per kilowatt hour of electricity at a public EV charging station stayed the same last week at 36 cents. In California, it’s 38 cents.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.50), Hawaii ($4.48), Washington ($4.39), Oregon ($3.99), Nevada ($3.76), Alaska ($3.74), Idaho ($3.47), Illinois ($3.44), Utah ($3.37), and Washington, DC ($3.33).
The nation's top 10 least expensive gasoline markets are Mississippi ($2.72), Oklahoma ($2.77), Tennessee ($2.77), Texas ($2.78), Arkansas ($2.79), Louisiana ($2.80), Alabama ($2.81), South Carolina ($2.84), Kentucky ($2.84), and New Mexico ($2.84).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (51 cents), Alaska (51 cents), Hawaii (46 cents), Tennessee (46 cents), Montana (45 cents), South Carolina (44 cents), New Hampshire (43 cents), Alabama (42 cents), Wisconsin (42 cents), and Arkansas (42 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Missouri (27 cents), Maryland (28 cents), Utah (28 cents), Nebraska (30 cents), Delaware (31 cents), Colorado (33 cents), North Carolina (33 cents), Washington, DC (33 cents), and Iowa (33 cents).
Find current fuel prices at GasPrices.AAA.com.
- Details
- Written by: Redwood Credit Union
NAPA, Calif. — Jennifer O’Reilly has joined Redwood Credit Union as senior vice president of Enterprise Risk Management.
In her role, O’Reilly will lead RCU’s risk and assurance teams, namely risk management, compliance, Bank Secrecy Act/Anti-Money Laundering, internal audit, vendor management, and business continuity.
O’Reilly brings over 25 years of experience in financial services, overseeing departments with risk, compliance and internal audit responsibilities.
Previously, she served as chief risk officer of SmartBiz Bank; vice president, operations risk and compliance at First Republic Bank; vice president, director of enterprise Risk at First Republic Bank; and senior vice president at Union Bank.
“We are excited to have her on board and are confident her wealth of experience and leadership will be invaluable as we continue to enhance our risk management practices and drive our strategies forward,” said Mishel Kaufman, RCU’s chief operating and risk officer.
O’Reilly, who currently lives in San Rafael, holds a bachelor’s degree in economics from University of California, Davis, and is a Certified Risk Professional through the American Bankers Association.
She has served on the Risk Management Association’s Enterprise Risk Council and on the scholarship committee of the Financial Women of San Francisco.
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- Written by: Elizabeth Larson
SACRAMENTO — State Controller Malia M. Cohen has released her monthly cash report covering the state’s General Fund revenues, disbursements and actual cash balance for the fiscal year through June 30, 2025.
As noted in the Controller’s Monthly Statement of General Fund Cash Receipts and Disbursements, receipts for the fiscal year were higher than estimates contained in the 2025-26 May Revision by $3.7 billion, or 1.6 percent.
Fiscal year-to-date expenditures were $9.7 billion, or 4.3 percent, lower than Governor’s Budget estimates. The state started the fiscal year with a $14.7 billion General Fund cash balance and ended June with a $33.8 billion balance.
“California closed its 2024-25 fiscal year with a positive cash balance and available borrowable resources, which is welcome news as the state faces economic challenges and projected deficits in the years ahead,” said Controller Cohen. “On the spending side of the ledger, our best course of action includes fiscal discipline in order to maintain our strong cash position and rainy-day reserves needed to avoid harsh program cuts in the future, especially when considering the current uncertainty of federal funding.”
For the fiscal year through June, personal income tax receipts were $1.3 billion above May Revision projections, or 1 percent. Corporation tax collections were $714.7 million, or 1.8 percent above estimates. Retail sales and use tax receipts were $115.1 million below recent projections, or 0.3 percent.
The controller continues to note that while April 15 is the traditional annual personal income tax payment deadline, the Franchise Tax Board extended the current deadline for certain Los Angeles County residents and businesses impacted by the fires that began on Jan. 7, 2025. These residents and businesses have until October 15, 2025, to file and pay taxes.
As of June 30, the state had $89.9 billion in unused borrowable resources. These resources are from internal funds outside of the General Fund that are borrowable under state law and that the State Controller’s Office uses to manage daily and monthly cash deficits when revenue collections are lower than expenditures. Internal borrowing from special funds is short-term and is repaid so that borrowing does not affect the operations of the special funds.
- Details
- Written by: Elizabeth Larson
WALNUT CREEK, Calif. — With summer road trips in full swing, drivers are getting a break at the pump, as gas prices match July 2021 numbers.
The national average for a gallon of gas dipped as low as $3.14 this past week before going up a few cents to $3.17. It’s been four years since the national average has been this low during the summer.
This season’s lower pump prices are due to an abundance of supply in the oil market.
This week, California drivers will find an average price of $4.53 a gallon, a 3 cent drop from last week.
Fuel prices around the state:
Lake County: $4.57
San Francisco: $4.74
Oakland: $4.60
San Jose: $4.55
Sacramento: $4.49
Fresno: $4.58
Stockton: $4.38
Oil market dynamics
At the close of Wednesday’s formal trading session, WTI increased 5 cents to settle at $68.38 a barrel.
The EIA reports that crude oil inventories increased by 7.1 million barrels from the previous week. At 426 million barrels, U.S. crude oil inventories are about 8% below the five-year average for this time of year.
Quick gas and electricity stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.53), Hawaii ($4.47), Washington ($4.40), Oregon ($4.01), Nevada ($3.76), Alaska ($3.73), Idaho ($3.47), Illinois ($3.46), Washington, DC ($3.33), and Utah ($3.32).
The nation's top 10 least expensive gasoline markets are Mississippi ($2.71), Alabama ($2.79), Louisiana ($2.79), Oklahoma ($2.79), Texas ($2.80), Tennessee ($2.82), Arkansas ($2.82), South Carolina ($2.83), Missouri ($2.86), and Kentucky ($2.87).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (51 cents), Alaska (50 cents), Tennessee (46 cents), Hawaii (46 cents), Montana (45 cents), South Carolina (44 cents), New Hampshire (43 cents), Wisconsin (42 cents), Alabama (42 cents), and Arkansas (42 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Missouri (27 cents), Maryland (28 cents), Utah (28 cents), Nebraska (30 cents), Delaware (31 cents), Colorado (33 cents), North Carolina (33 cents), Washington, DC (33 cents), and Iowa (33 cents)
Drivers can find current gas and electric charging prices along their route using the AAA Mobile App, now available on CarPlay.
Find current fuel prices at gasprices.aaa.com.