Business & Real Estate

AAA: Gas prices in Sacramento, state drop nearly 25 cents in one month

Gasoline prices in Sacramento and statewide plunged nearly 25 cents a gallon from November to December, sending average at-the-pump costs below the $3-a-gallon threshold, according to the latest monthly AAA gas price survey released Tuesday.

The latest tumble was on top of a nearly 40-cent fall in the October-to-November period.

In Sacramento, AAA said the average cost for unleaded regular was $2.85 a gallon, a decline of 23 cents from its Nov. 11 survey.

Statewide, the average was $2.97, down 24 cents from a month ago; the average was $2.94 for the Northern California region, a drop of 25 cents from November.

“As crude oil costs continue to slide, gas prices are poised to drop even further,” said Cynthia Harris, AAA Northern California spokeswoman, in a statement. “Consumers can expect to see the price at the pump tick even lower as we approach the new year.”

Crude was trading at less than $64 a barrel Tuesday on the New York Mercantile Exchange.

AAA said the current national average price for unleaded regular is $2.66 a gallon and could fall to near $2.50 by Christmas Day.

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