Average Sacramento-area gas price closing in on $3.80 a gallon

Published: Monday, Mar. 17, 2014 - 12:54 pm

Sacramento-area gas prices, hovering below $3.50 a gallon just one month ago, are closing in on $3.80.

The average retail price of gasoline in the area is now $3.78 a gallon, up nearly 5.5 cents over the past week and a spike of 30.5 cents from last month, according to national gas price tracker GasBuddy.com.

That’s still 18.5 cents lower than a year ago.

The local average is decidedly below the current $4.03-a-gallon average in the Los Angeles area. Last week, Los Angeles became the first major metro area in the continental United States to see its average retail gasoline price hit $4 a gallon in 2014.

Nationally, the average retail price of gas is $3.50 a gallon, up 2.6 cents from last week and a gain of 15.5 cents in one month.

Analysts expect the price surge to continue.

“I don’t yet believe we’ve seen the peak in prices,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. As refineries wrap up part of their yearly maintenance work in April, he said, “We could see restarting issues, which could bring the spikes in gasoline prices we’re nearly accustomed to seeing every spring.”

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

Read more articles by Mark Glover

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