Sacramento-area gas prices continue to fall

Published: Tuesday, Nov. 19, 2013 - 12:00 am
Last Modified: Tuesday, Nov. 19, 2013 - 12:44 am

Sacramento-area gas prices, which have been edging downward for about two months, fell another 4.9 cents per gallon over the past week.

National price tracker, which surveys 720 area stations, said in its weekly report that the average retail price of gas in the area is now $3.42 a gallon.

Area pump prices are 18.9 cents lower than one year ago and 24.6 cents per lower than a month ago.

Nationally, the average price of gas rose 1.6 cents over the past week to $3.21 a gallon – down 22.5 cents from a year ago and 16.3 cents from last month.

California has benefited from stable supplies of gas, comparatively low crude oil prices (about $93 to $96 over the past two weeks) and relatively steady wholesale prices.

“Surprisingly, the decreases we've seen in the national average have all but dried up,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “I admit it’s a bit of a head scratcher to have seen wholesale gasoline prices perk up last week, and it's a bit premature to say we've seen the end of decreases in gas prices for the time being...”

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

Read more articles by Mark Glover

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