Sacramento-area gas prices fall another 4.6 cents in a week

Published: Monday, Oct. 21, 2013 - 11:11 am
Last Modified: Monday, Oct. 21, 2013 - 2:21 pm

Sacramento-area gas prices continued their October slide over the past week.

The average retail price of gas in the Sacramento area fell 4.6 cents, to $3.64 a gallon, according to the latest weekly report by national price tracker GasBuddy.com, which surveys 720 area stations.

The latest decline comes on top of a drop of more than 20 cents the previous three weeks. Area prices are now 64.6 cents lower than one year ago and 25.7 cents per lower than a month ago.

At this time last year, a series of supply disruptions at key refineries throughout California was pushing prices to all-time highs and prompted Gov. Jerry Brown to call on the California Air Resources Board to allow refineries to switch early to making cheaper winter-grade fuel.

Nationally, the average price of gas fell just 0.8 cents over the past week to $3.36 a gallon – down 31.2 cents from a year ago and 13.7 cents from last month.

Patrick DeHaan, senior petroleum analyst for GasBuddy, said that 18 states have stations selling gas at less than $3 a gallon, but he also offered a warning: “Oil and gasoline futures may be more volatile this week as the federal shutdown is over and the Energy Information Administration releases data about supply and demand for the last two weeks. Should that data be surprising, it may have an impact on the direction of gasoline prices in the days ahead.”


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

Read more articles by Mark Glover





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