The average retail price of gasoline in the Sacramento area drew ever closer to $4 a gallon over the past week and, at the current pace, could surpass that threshold by the end of this week.
The at-the-pump cost of gas rose 5.7 cents over the past week to an average $3.94 a gallon, according to national gas price tracker GasBuddy.com, which does a daily survey of 720 fuel outlets in Sacramento. The current average is 9.2 cents higher than one year ago and up nearly 16 cents from last month.
Nationally, the cost of gas climbed 3.4 cents to an average $3.59 a gallon up nearly 10 cents from last month and 7.2 cents higher than at this time last year.
As we get very near the final shift to summer spec gasoline, were seeing prices continue to creep higher in many communities across the country, said Patrick DeHaan, senior petroleum analyst for GasBuddy.
GasBuddys long-term forecast projects comparatively stable prices for the summer months, with prices perhaps settling below 2013 averages. However, analysts noted that long-term forecasts can be derailed by numerous factors, including production disruptions at key U.S. refineries or civil/political unrest in major oil-producing countries of the Middle East.
Call The Bees Mark Glover, (916) 321-1184.