Business & Real Estate

Sacramento-area gas prices drop below $3-a-gallon threshold

The retail price of gasoline in the Sacramento area fell another 4.9 cents over the past week, bringing the regional average to $2.98 a gallon, according to a weekly report released Monday by national gas price tracker GasBuddy.com.

That’s the lowest level since Sept. 30, 2010.

GasBuddy, which conducts a daily survey of more than 700 gasoline outlets in the Sacramento area, said the average price is now 35 cents lower than last month and 46.8 cents below the year-ago price.

Nationally, GasBuddy said the average retail gas price is $2.82 a gallon, down 24.9 cents from last month and 41.4 cents below the average price one year ago.

Patrick DeHaan, senior petroleum analyst with GasBuddy, called the year-over-year savings a welcome boost for Thanksgiving holiday travelers.

“For nearly a third of our users, we’ve heard that they will be driving over 500 miles round trip to their Thanksgiving destinations, so savings versus last year will be substantial,” he said. “...Nationally, prices are likely nearing a bottom, so in addition to everything else, motorists should be thankful for the decline in gas prices.”

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

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