Business & Real Estate

Sacramento-area gas prices rise another 14 cents in a week

The average retail price of gas in the Sacramento area rose about 14 cents over the past week. Analyst Patrick DeHaan said the recent rally in crude oil markets has helped push gas prices higher, and the upcoming conversion to pricier spring/summer gas blends will put more upward pressure on fuel costs.
The average retail price of gas in the Sacramento area rose about 14 cents over the past week. Analyst Patrick DeHaan said the recent rally in crude oil markets has helped push gas prices higher, and the upcoming conversion to pricier spring/summer gas blends will put more upward pressure on fuel costs. AP

The average retail price of gas in the Sacramento area rose about 14 cents over the past week to $2.40 a gallon, according to Monday’s report by national gas price tracker GasBuddy.com.

Over the past three weeks, the average at-the-pump cost in the area has spiked 32 cents, although the current average is 85.7 cents below the year-ago level.

Nationally, GasBuddy said the average price of gas rose about 12 cents over the past week to $1.93 a gallon, up about 24 cents from last month but 50 cents lower than the year-ago average.

Analyst Patrick DeHaan said the recent rally in crude oil markets has helped push gas prices higher, and the upcoming conversion to pricier spring/summer gas blends will put more upward pressure on fuel costs.

Mark Glover: 916-321-1184, @markhglover

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