For immediate release: August 9, 2000
Media Contact: Claudia Chandler -- 916 654-4989


California Energy Commission Update:
Gasoline Supplies and Prices in California

Sacramento -- The price of regular gasoline dropped a cent and a half in California over the past week, bringing the statewide average to $1.67 per gallon for the seven-day period ending August 7, 2000.

On the national level, the average price of regular dropped one cent, to $1.46 a gallon.

Production of gasoline at California refineries averaged nearly 897,000 barrels per day. This was down 10 percent from last week's production levels of approximately 998,800 per day. (There are 42 gallons in a barrel.)

On August 8, Alaskan crude oil was selling for $27.21 a barrel, up $1.57 from the Tuesday before. Last year at this time, Alaskan crude sold for $20.08.

Continued high gasoline demand during the summer driving season and higher crude oil prices will probably keep pump prices from falling significantly in the near term. Unless there is an unplanned event at the refineries, however, the California Energy Commission anticipates that there will be adequate supplies of gasoline to meet summer driving demand.

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If you have questions about gasoline and diesel supplies and prices in California, please call us at (916) 654-4989. More detailed information on California's gasoline and diesel supplies and prices can be found on the California Energy Commission's Web Site at:

www.energy.ca.gov/fuels/gasoline

For money-saving and gas-saving consumer tips, go to this Web address:

www.energy.ca.gov/consumer/vehicle

Editor's Note: The California Energy Commission will be providing this type of information weekly to keep you apprised of the gasoline situation over the summer months.





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