Gas Prices Continue To Fall

East Bay drivers are saying "ho ho ho" at the gas pumps this holiday season. 

The price of gasoline continues to drop in California and the East Bay as well.

The California State Automobile Association reports the average price for a gallon of regular unleaded in the state is now $3.62. That's down 23 cents from a month ago.

In Northern California, the average price is $3.56 a gallon, down 26 cents. In the Bay Area, it's $3.71, down 27 cents from a month ago.

In the East Bay, the average price is listed at $3.57, down 29 cents from a month ago.

In Walnut Creek, the cheapest gas was at Ideal Miles Plus on Ygnacio Valley Rd. and Civic Dr. at $3.43 per gallon. At the 76 Station on Ygnacio Valley Rd. gas was $3.47. Gas was $3.49 at the Shell Station on N. Main St. 

CSAA officials said slowing demand and increased production are the main reasons for the continued decline.

“Prices at the pump have steadily declined across the country as demand continues to be low and supplies remain robust,” reports Cynthia Harris, AAA Northern California spokesperson. “The exception is the East Coast where supplies are increasing but remain somewhat tight following the disruption in distribution from Hurricane Sandy.”

CSAA officials say they expect demand to remain low in 2013, keeping gas prices at a more affordable level.