The San Francisco Chronicle reported Friday that the moderate Democrat said she might remain in the Senate if Democrats are able to gain solid majorities to pass major legislation.
"I want to see how close to 60 votes we can get in the Senate, what the committee structure is, and how best I can use my time," said Feinstein, chairwoman of the Senate Rules Committee and a former San Francisco mayor.
"The job I do now I think is important, and what I really want to do is make a difference," she told the newspaper. "The question is, how can I best do that? Is it using the seniority I have in the Senate, or is it in getting out there and running for governor?"
Already, San Francisco Mayor Gavin Newsom has begun exploratory committees and hiring consultants for a run.
"This isn't 2010," she said. "I don't need to build an organization to run. I don't need to do an exploratory committee to run. That is all out there if I want to do it. Therefore, at the appropriate time, I will make a decision."