Business & Real Estate

Sacramento gas prices fall after five-week streak

Falling wholesale fuel prices dragged down the price of gasoline over the past week, a welcome break for Sacramento-area motorists who saw at-the-pump costs spike about $1 a gallon between Feb. 1 and March 7.

The average retail price of gasoline in the Sacramento area fell 3.9 cents to $3.25 a gallon, according to national gas price tracker’s weekly report released Monday.

GasBuddy, which does a daily survey of more than 700 gas outlets in the region, said the current price is about 60 cents higher than it was one month ago but 54.5 cents lower than the year-ago average.

The national average price of gas bumped up 2.4 cents over the past week to $2.43 a gallon, up 18 cents from last month but $1.09.3 less than the price one year ago.

“After March came in like a lion at the pump, things are beginning to cool down, especially in hardest hit areas in the West,” Patrick DeHaan, GasBuddy senior petroleum analyst, said in a statement.

DeHaan added that motorists on the West Coast “will continue to see relief in the week ahead.”

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