Business & Real Estate

Sacramento-area gas prices continue to edge downward

Sacramento-area gas prices edged downward for the 11th consecutive week, pushed lower by stable supplies, relatively low crude oil prices and the rollout of less expensive fall-winter gasoline blends.

National price tracker, which surveys more than 700 regional gas outlets daily, said the average retail price in the Sacramento region fell another 2.4 cents over the past week to $3.66 a gallon.

That price is 13.5 cents lower than one month ago and 28.2 cents lower than this time last year.

Nationally, the average price of gas dipped 3.4 cents over the past week to $3.34 a gallon, down 8.1 cents from a month ago and 15 cents lower than the year-ago level.

Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement that “fuel prices nationwide continue to decline following the expiration last week of the EPA’s summer-blend gasoline requirement...It puts a little money back in consumers’ pockets.”