There is good news for our region, Gasoline prices are now the lowest they have been in the past five years. While the state has been progressing toward saving on energy costs, including using less fuel on the road, see my blog California Residents Save on Energy Goods. Lower prices at the pump will bring even more savings. Current gasoline prices are dropping on average a penny a day and as of last week, were already a dollar less than a year ago. The most recent drop in gasoline prices reported an average of $2.56 per gallon, 38 cents lower than in 2010. This week marks the 28th consecutive week of prices dropping in the state.
This most recent decline in fuel costs is connected to the decrease in global crude oil going back to the end of summer in 2014, per a report released by AAA of Northern California. There is less of a demand currently with an abundant supply, which equates in lower costs all around. With a recent surge in seeking energy alternatives, in particular with more fuel efficient vehicles and environmentally sound engineering, we are poised to see ourselves less dependent on crude oil.
Should this trend continue with more money in resident wallets, the effects could be far reaching, adding more to our local and state economy in terms of consumer spending on other goods and services. It may even affect the cost of housing as the less spent on fuel overall can help construction expenses lower, from the cost of materials transport to the cost of running machinery. If you are ready to sell or buy your home now, the Ray Marquez can help you find the right home for your lifestyle. We are here to provide you with our exceptional and dedicated services to turn your home dreams into reality. To learn more about how we can help you, contact us directly at 925-575-7605 or you can email me at firstname.lastname@example.org.