Gas prices dip below $3.50-a-gallon threshold in Sacramento
Sacramento-area gas prices closed out May on the decline.
The average retail price of gas in the area fell 5.9 cents over the past week to an average $3.44 a gallon, according to Monday’s report by GasBuddy.com, which does a daily survey on more than 700 gas outlets in the region.
That’s 2.2 cents lower than a month ago and 57 cents less than the year-ago average.
In California, ample fuel supplies and steady refinery output have helped push prices lower, analysts said.
Nationally, the average price rose just 0.4 cents in a week’s time to $2.75 a gallon, up 14.8 cents from last month but 92.8 cents per gallon lower than the average cost one year ago.
“Gasoline prices are poised to begin declining at a faster pace after staying relatively steady across much of the U.S. this past week,” said Patrick DeHaan, GasBuddy senior petroleum analyst.
Mark Glover: (916) 321-1184, @markhglover
This story was originally published June 1, 2015 at 3:51 PM with the headline "Gas prices dip below $3.50-a-gallon threshold in Sacramento."