Gas prices in San Jose and rest of Bay Area keep declining - Silicon Valley Business Journal

Nov 21, 2022, 7:41am PST

Gasoline prices continued their decline throughout the Bay Area last week, with the average cost of a gallon of gas falling 18.5 cents in San Jose — a 61.9-cent drop from the month before, according to theThe average cost for a gallon of gas in Jose now is $5.23 a gallon, the latest price analysis released Monday said. According to GasBuddy's review of local gas prices, the cheapest station in San Jose had its gas priced at $4.59 a gallon while the most expensive gasoline costs $6.

Compared with San Francisco, Oakland and Salinas, San Jose has on average the second cheapest gasoline in the Greater Bay Area. Here's how those cities compare:San Francisco: $5.28 a gallon, a 18.3-cent drop from last week's $5.47"What an incredible turnaround in the last week," said Patrick De Haan, head of petroleum analysis at GasBuddy."While a decline was expected in more states than last week, I didn't expect every single state to hop on the bandwagon so quickly.

De Haan said to expect"even more substantial declines on the way as oil prices plummeted last week to briefly trade under $80 per barrel." He also made a big prediction, saying that"it's not impossible" to see a national average of $2.99 for a gallon of gasoline around Christmas.

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