Domestic crude oil inventories reached their highest level for this time of year in nearly eight decades causing prices to remain near their lowest price point since the Great Recession, according to the latest AAA Fuel Gauge Report.

High gasoline inventories and continued production are cited as reasons for keeping prices low across California.

The AAA Fuel Gauge Report showed pump prices are down $0.36 with the average price of unleaded regular at $2.49 per gallon as of Tuesday.

The least expensive fuel can be found in Marysville, where the average price for a gallon of regular is $2.01. The highest price is in Eureka, where the average price is $2.65 a gallon, down $0.13 from the last AAA gas survey.

“February marks the beginning of increasing demand for gasoline and the start of the spring refinery maintenance season. The combination of increased demand and reduced supply historically led to increase prices at the pumps,” said Cynthia Harris, AAA Northern California spokesperson.

“But, unlike previous years, both gasoline and crude oil supplies are at record levels and the West Coast reports ample supply,” Harris added. “This year, absent any major disruptions in supply or productions, the status quo may change as gasoline prices remain low.”

The national average price is $1.73. Tuesday’s price is $0.25 than a month ago, and $0.45 lower than a year ago. Only five states report average prices over the $2 mark. California has the highest price in the contiguous states at $2.49.

Slower-than-expected growth in China, a strengthening U.S. dollar, and ongoing speculation about what, if any, deals OPEC may attempt to broker on production all weigh on the global oil market.

Market fundamentals remain skewed due to oversupply. Geopolitical tensions, even when between OPEC member countries, have had little impact on price due to the market’s current imbalance.

Domestic gasoline and crude oil supply are at record levels. The year’s refinery maintenance ramp-up is expected to reduce gasoline inventories, which could help bring a bit of balance to the gasoline market.

However, this will likely not have the same impact on crude oil. The lower price environment has yet to lead to any real cuts in U.S. production, and to date has only contributed to reports of falling rig counts and the oil and gas sector shedding jobs.

At the close of Friday’s formal trading on the NYMEX, West Texas Intermediate (WTI) was down 83 cents and settled at $30.89 per barrel.

At close of trading Monday, WTI settled at $30.04 per barrel.