Average Sacramento-area gas price closes in on $3.90 a gallon

Published: Monday, Apr. 7, 2014 - 10:59 am
Last Modified: Wednesday, Apr. 9, 2014 - 1:10 am

Sacramento-area gas prices are closing in on $3.90, with analysts predicting California could be in for a price spike over the next couple of weeks.

The average retail price of gas in the Sacramento area rose another 2 cents over the past week to settle at $3.87 a gallon, according to national gas price tracker GasBuddy.com, which surveys 720 local gas outlets. That’s about 16 cents higher than a month ago, and it matches the average price at this time last year.

Nationally, the average retail gas price rose 1.3 cents to $3.55 a gallon, up 7.4 cents from last month but 3.1 cents lower than a year ago.

Patrick DeHaan, senior petroleum analyst for GasBuddy, said most of the nation is seeing “very little volatility” in at-the-pump prices. But for those headed to California, he said, “They may be greeted with rising prices to the tune of 10 to 20 cents per gallon over the next two weeks.”

DeHaan said a jump in wholesale gas prices in California last week likely will likely be felt at gas stations throughout the state. DeHaan said Southern California and the Bay Area will probably see the biggest impact in price increases.

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

Read more articles by Mark Glover

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