I think it depends. People here have made good points. I would ask the additional questions since I don't know you well.

Are you single? Are you the only income coming in?

Are you working? How stable are you in your job? How long have you been working at this job?

Do you have a signficant other? If so, can the payments be made on his/her income alone?

I know you said paying more for gas isn't a problem but what about stress of driving if you are in a congested area and down time for general QOL?

How much savings do you have for major maintenance issues if you are buying an older house since you say you are in an expensive part of the country or a loss of job from BP? Even for healthy people the recommendation is 6 months reserves.

I hope it works out for you. Owning a home does offer freedom that an apartment doesn't and it is generally a good ROI. I'm not trying to be negative just trying to help answer your question.