Sacramento-area gasoline prices continue to tumble

There’s good news for summer-traveling Sacramento-area residents: gas prices continue to fall at a fairly robust pace.

National price tracker GasBuddy.com, which surveys more than 700 regional gas outlets daily, said the average retail price of gas fell another 4.3 cents to $3.90 a gallon last week. In the past three weeks, the average price has fallen more than 12 cents, after hovering above the $4-a-gallon threshold through the July 4 holiday.

Sacramento-area prices are now 11.2 cents lower than one month ago but still 3.4 cents higher than this time last year.

Nationally, the average pump price fell nearly 5 cents to $3.51 a gallon over the past week – down nearly 17 cents from last month, and 11.7 cents lower than this time last year.

Relatively stable oil supplies and the recent declining price of crude oil have been pushing U.S. gas prices lower for nearly a month, said Patrick DeHaan, senior petroleum analyst for GasBuddy, in a statement.

“The drop in gas prices during the middle of the summer certainly has been welcome relief to families and individuals alike who are hitting the road during the peak of the summer driving season,” DeHaan said.