Business & Real Estate

July 21, 2014

Sacramento-area gas prices tumble for a second consecutive week

Has reliable price relief pulled up to Sacramento-area gas pumps? The latest numbers suggest “yes.” The average retail price of gas in the area fell 4.4 cents to $3.94 a gallon over the past week, according to national price tracker GasBuddy.com.

Has reliable price relief pulled up to Sacramento-area gas pumps? The latest numbers suggest “yes.”

National price tracker GasBuddy.com, which surveys more than 700 regional gas outlets daily, said the average retail price of gas in the area fell 4.4 cents to $3.94 a gallon over the past week. In the last two weeks, the average price fell more than 8 cents, after stubbornly hovering above the $4-a-gallon threshold through the July 4 holiday.

Sacramento-area prices are now 5 cents lower than they were one month ago but still 4.6 cents higher than at this time last year.

Nationally, the average pump price fell 3.3 cents to $3.57 a gallon over the past week – down nearly 11 cents from last month and 10.4 cents lower than last year.

Patrick DeHaan, GasBuddy’s senior petroleum analyst, said in a statement that “prices have been gently falling” in the last week in every state except Wyoming, Ohio and Indiana.

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