Sacramento-area gas prices fall 8 cents a gallon in a week

Sacramento-area gas prices, which typically rise or stay stable in the run up to Labor Day weekend, are in full retreat now.

The average retail price of gas in the area fell 8.4 cents over the past week to $3.25 a gallon, according to gas price tracker GasBuddy.com’s latest report on Monday. The average at-the-pump cost has fallen nearly 14 cents over the past two weeks.

The current average is 2 cents lower than a month ago and 59.7 cents lower than the year-ago average.

Nationally, the average price fell 5.5 cents to $2.60 a gallon, down 16.2 cents from last month and nearly 87.9 cents cheaper than a year ago.

“The powerful combination of declining crude oil prices and robust production from U.S. refineries continues to pummel retail gasoline prices nationwide, and it’s a trend we expect to continue,” said Patrick DeHaan, GasBuddy senior petroleum analyst.

This story was originally published August 10, 2015 at 10:34 AM with the headline "Sacramento-area gas prices fall 8 cents a gallon in a week."