City conceded two late goals after appearing in complete control against Roy Hodgson’s side.
And the Blues’ boss says there is nobody to blame but ourselves following the 2-2 draw.
“It’s not bad luck. It’s deserved. We gave away two points,” said Guardiola.
“For yourself, when you give this penalty [away] you deserve it. You see the chances we create and the chances we concede are quite similar all this season, except the Chelsea game.
“We are not able to close the games.”
City had 19 shots in total, with nine finding the target – while Palace had just two shots on target, both ending in goals.
Guardiola admits he is still scratching his head as to how his team didn’t win the game.
“When 10 players are in the 18-yard box with 10 metres of space, we have to be patient, arrive in the box from crosses and play at the right tempo,” he said.
“Playing that way we hardly conceded anything until the goal.
“There was one chance [for them] in the first half when two players slipped.
“Until the goal on 76 minutes they didn’t create anything.
“The team was really good, but in the end when you give Crystal Palace a penalty you don’t deserve it.
“It’s like the Chelsea penalty, we don’t deserve to win.
“Look at the games against Spurs, Liverpool and today, we were excellent, but we were unable to win the games.
“When this happens, it’s because we are not consistent enough to close the games and many other reasons.”
Asked by a journalist if the Palace comeback was down to a lack of intensity from his players during the post-match press conference, Guardiola said it was not a factor.
“I don’t agree with you,” Pep replied.
“We play the same, but at 2-1 it is difficult. We attack, but they want to stay there (defending deep).
“Even at 2-0 they stay there. They run away on 86 and 87 and they were a bit more forward.
“In the end, be patient, don’t concede transitions and that’s not what we have done in seven, eight years in these types of games.
“In the first action they run, they score a goal and in the last minute we give them a penalty.
“In the 18-yard box we have to be careful, and we were not careful.
“When this happens it’s well deserved, we don’t deserve to win. When you give away penalties it’s because you don’t deserve it.”