Sacramento-area gas prices remain stable as the busy holiday season rolls onward.
The average retail price of gasoline in the Sacramento area rose just 0.8 cents over the past week to $3.44 a gallon, according to the latest weekly report by GasBuddy.com, which surveys 720 local gas outlets. Area prices have risen 1.2 cents over the past two weeks.
Prices are now 0.3 cents per gallon lower than a year ago and 3.6 cents lower than a month ago.
Nationally, the average retail price of gas fell 0.7 cents over the week, to $3.24 a gallon. That’s up 3.9 cents from last month but 10.4 cents lower than a year ago.
Analysts noted that the sub-freezing temperatures likely will decrease consumer movement and gasoline demand, which in turn could drive gas prices lower.
“This week begins with much of California under a hard freeze warning and separate storm systems tracking across the Great Lakes region and from the Gulf Coast to the northeast, bringing snow, sleet and freezing rain from the Lower Mississippi River Valley northeastward to New England. Under conditions like that, consumer demand usually declines, and that often results in a nominal decrease in retail gas prices,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.
Call The Bee’s Mark Glover, (916) 321-1184.