Sacramento-area gasoline prices continue to tumble
07/28/2014 10:21 AM
07/28/2014 10:22 AM
There’s good news for summer-traveling Sacramento-area residents: gas prices continue to fall at a fairly robust pace.
National price tracker GasBuddy.com, which surveys more than 700 regional gas outlets daily, said the average retail price of gas fell another 4.3 cents to $3.90 a gallon last week. In the past three weeks, the average price has fallen more than 12 cents, after hovering above the $4-a-gallon threshold through the July 4 holiday.
Sacramento-area prices are now 11.2 cents lower than one month ago but still 3.4 cents higher than this time last year.
Nationally, the average pump price fell nearly 5 cents to $3.51 a gallon over the past week – down nearly 17 cents from last month, and 11.7 cents lower than this time last year.
Relatively stable oil supplies and the recent declining price of crude oil have been pushing U.S. gas prices lower for nearly a month, said Patrick DeHaan, senior petroleum analyst for GasBuddy, in a statement.
“The drop in gas prices during the middle of the summer certainly has been welcome relief to families and individuals alike who are hitting the road during the peak of the summer driving season,” DeHaan said.
Editor's Choice Videos
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.