Business & Real Estate

Sacramento-area gas prices surge another 14 cents

Maria Rodriguez pumps gas.
Maria Rodriguez pumps gas.

The average retail price of gasoline in the Sacramento area surged another 14 cents over the past week, according to national gas price tracker GasBuddy.com. In the last two weeks, it’s jumped a combined 31 cents.

GasBuddy, which does a daily survey of 720 gas outlets in the region, said the average gas price in the area Tuesday was $2.68 a gallon. That is up 27 cents from one month ago but is 79 cents lower than the same time last year.

Nationally, the average increased 8 cents over the past week to $2.26 a gallon – a gain of 19 cents since last month but $1.09 lower than last year.

Energy analysts cited rising crude oil and a steelworkers strike at some U.S. refineries. Crude oil, which recently plunged to the $45-a-barrel range, closed last week at nearly $55 a barrel on the New York Mercantile Exchange.

Patrick DeHaan, senior petroleum analyst with GasBuddy, said “motorists in California are getting a taste of the sourness that will hit across the country in a month or two as Los Angeles switches over to cleaner burning gasoline, followed by San Francisco...(and) the rest of the nation making moves in the weeks and months ahead.”

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

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