Sacramento-area gasoline prices continue to fall

Published: Tuesday, Oct. 29, 2013 - 12:00 am
Last Modified: Tuesday, Oct. 29, 2013 - 8:08 am

Gasoline prices in the Sacramento area tumbled for a fifth straight week.

The average retail price of gas fell another 4.9 cents, to $3.60 a gallon, according to the latest weekly report by national price tracker, which surveys 720 area stations.

Sacramento pump prices are now 39.4 cents lower than one year ago and 21.3 cents per lower than a month ago.

Nationally, the average price of gas fell 5.9 cents over the past week to $3.30 a gallon – down 26.4 cents from a year ago and 13.3 cents from last month.

“Last week saw new downward momentum in crude prices,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “After staying above $100 (a barrel) for 111 days since early July, crude prices fell below $100 and just days ago closed as low as $96.

“In turn, the sudden drops in crude prices have pushed gasoline futures down as well, with motorists on the winning side of this all ... Americans are spending over $100 million per day less on gasoline than they did a year ago.”

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

Read more articles by Mark Glover

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