Sacramento gas prices take a mid-August dip

Published: Monday, Aug. 5, 2013 - 9:40 am

Sacramento-area gasoline prices, which have been declining ever-so-slowly of late, fell another 3.1 cents over the past week.

The average retail price of gas in the Sacramento area is $3.79 a gallon, according to today's weekly report by national price tracker GasBuddy.com, which surveys 720 stations in the area.

Area prices are now 5.3 cents higher than one year ago but 0.7 cents per gallon lower than a month ago.

Nationally, the average price of gas fell a penny over the past week to $3.63 a gallon - 3.3 cents higher than a year ago and up 14.4 cents from last month.

Analysts noted that crude oil is up to around $107 a barrel. Typically, a crude oil increase triggers a spike in gas prices, but it has been overridden by tepid consumer demand and adequate refinery production, analysts said.

Call The Bee's Mark Glover, (916) 321-1184.

© Copyright The Sacramento Bee. All rights reserved.

Read more articles by Mark Glover



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