Sacramento-area gas prices hold steady as holidays approach

Published: Monday, Dec. 16, 2013 - 11:05 am

Sacramento-area gas prices continue to stick in the $3.45-a-gallon range.

After rising about a penny two weeks ago, the average retail price of gasoline in the Sacramento area fell about a penny over the past week to $3.44 a gallon, according to the latest weekly report by GasBuddy.com, which surveys 720 local gas outlets.

Despite price stability, the average area price is now 6.8 cents per gallon higher than a year ago and 1.2 cents higher than a month ago.

Nationally, the average retail price of gas fell 2.4 cents over the past week, to $3.21 a gallon. That’s up 0.7 cents from last month but 3.8 cents lower than a year ago.

Analysts projected a positive trend for motorists in the run-up to Christmas Day.

“Historically, this is about the time of year that gasoline prices hit their yearly lows, but this time around, I have more optimism that prices may move even lower in the next few weeks,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “...We can say that 2014 does offer some relief compared to what we’ll end up seeing in terms of average in 2013, but for the time being, the next week looks to see a continued drop in gasoline prices.”


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

Read more articles by Mark Glover





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