Business & Real Estate

Sacramento-area gas prices stuck at $4 a gallon

The good news: Sacramento-area gas prices have not risen in five weeks. The bad news: Prices can’t seem to drop below the $4 mark.

Last week, the average retail price of gasoline in the Sacramento area stayed locked in at $4 a gallon, according to national gas price tracker, which surveys more than 700 regional gas outlets daily.

The current average is 12.2 cents higher than a year ago but 11.6 cents lower than last month.

Nationally, the average pump price rose 1.2 cents over the past week to $3.64 a gallon, nearly matching the average price of last month and last year.

Patrick DeHaan, senior petroleum analyst for GasBuddy, said: “I don’t believe the higher prices are sustainable much longer. In many areas that saw large jumps last week, we’re already seeing relief. For the rest of the country, this week will likely feature little movement as wholesale gasoline prices continue in their funk.”