Business & Real Estate

Sacramento-area gas prices dip below $2.50-a-gallon threshold

At-the-pump costs declined an additional 2 cents to an average $2.49 a gallon. That’s nearly 15 cents less than a month ago and 37.7 cents less than the year-ago average.
At-the-pump costs declined an additional 2 cents to an average $2.49 a gallon. That’s nearly 15 cents less than a month ago and 37.7 cents less than the year-ago average. The Associated Press

The average retail price of gasoline in the Sacramento area dipped below the $2.50-a-gallon threshold over the past week, according to national gas price tracker GasBuddy.com.

At-the-pump costs declined an additional 2 cents to an average $2.49 a gallon. That’s nearly 15 cents less than a month ago and 37.7 cents less than the year-ago average.

Plentiful supplies and relatively few refinery disruptions have helped push prices lower as 2015 nears an end.

GasBuddy said Monday that the national average is now $2.03 a gallon, down 18.5 cents from last month and 63.2 cents lower than one year ago.

Patrick DeHaan, senior petroleum analyst for GasBuddy, said he expects the national average to fall to a six-year low by midweek, adding “a $1.99 national average gasoline price could be something we witness this week.”

Mark Glover: 916-321-1184, @markhglover

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