Business & Real Estate

Gas prices rising in Sacramento, across the nation

Gasoline prices are heading up in Sacramento, and that may be the norm locally and nationally for the month of May.

The average retail price of gas in Sacramento rose 3.2 cents over the past week to $2.67 a gallon, according to Monday’s report by national gas price tracker That’s up only 2.5 cents from last month and 84.3 cents lower than the average at this time last year.

Nationally, GasBuddy said the average retail price of gas increased about 8 cents over the past week to $2.22 a gallon, up 15.9 cents from last month but almost 40 cents lower than the year-ago average.

GasBuddy analyst Patrick DeHaan noted that gas prices rose in all 50 states last week.

“Gasoline and oil prices have set new yearly highs as the imbalance of supply and demand may begin to shift as global oil production shows signs of slowing and gasoline demand is accelerating,” DeHaan said. “Gasoline prices may continue inching up until Memorial Day – a major test if refiners are well-prepared for the summer driving season.”

Mark Glover: 916-321-1184, @markhglover