Business & Real Estate

Sacramento-area gas prices dip to $2.65-a-gallon threshold

The act of fueling up got slightly less painful as gasoline prices continued to fall. Average cost is 62 cents lower than this time in 2014.
The act of fueling up got slightly less painful as gasoline prices continued to fall. Average cost is 62 cents lower than this time in 2014. AP

Sacramento-area gas prices, seemingly frozen in place in the first half of October, fell to the $2.65-a-gallon threshold over the past week, according to national gas price tracker GasBuddy.com.

With the 1.4-cent decline, local at-the-pump costs are now 7.3 cents lower than one month ago and 62 cents lower than they were at this time last year.

Nationally, the average retail price of gas fell 5.2 cents over the past week to $2.20 a gallon, 8.5 cents less than last month and 83.9 cents below the year-ago level.

Jeff Pelton, GasBuddy senior petroleum analyst, expects the national average to fall another 10 to 12 cents in November.

Mark Glover: 916-321-1184, @markhglover

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