Business & Real Estate

Sacramento-area gasoline prices continue slow, steady decline

Lydia Holland fills up at a gas station in Sacramento, Calif. The United States and China can look to California as an example of the costs and challenges of fighting global warming, since the state has imposed some of the world’s toughest air quality standards as it moves to lower emissions.
Lydia Holland fills up at a gas station in Sacramento, Calif. The United States and China can look to California as an example of the costs and challenges of fighting global warming, since the state has imposed some of the world’s toughest air quality standards as it moves to lower emissions. AP

The average retail price of gasoline in California continues its slow, steady march downward toward $2.50 a gallon, a threshold that some energy analysts believe could be reached by the close of October.

On Monday, national price tracker GasBuddy.com said the average price of gas statewide was $2.68 a gallon, a decline of 3.8 cents over a week’s time. The current price is down nearly 30 cents from last month and 89.4 cents below the year-ago level.

Nationwide, the average at-the-pump price of $2.29 a gallon was nearly unchanged from the previous week. The national average is down 11.4 cents from last month and nearly a dollar cheaper than at this time last year.

“While the rate of decline has slowed, we still expect the overall decline to continue this week with a nominal decrease in retail gasoline in most parts of the country,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

Mark Glover: 916-321-1184, @markhglover

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