Transportation

Sacramento-area gas prices slowly retreat after nearly three-week rise

Sacramento-area gasoline prices fell about a penny a gallon over the past week, retreating slightly after a nearly three-week gain of about 20 cents a gallon. 2014 file photo.
Sacramento-area gasoline prices fell about a penny a gallon over the past week, retreating slightly after a nearly three-week gain of about 20 cents a gallon. 2014 file photo. AP

Sacramento-area gasoline prices fell about a penny a gallon over the past week, retreating slightly after a nearly three-week gain of about 20 cents a gallon.

National gas price tracker GasBuddy.com said Monday that the average retail price in the area was $3.39 a gallon.

That’s 16.2 cents higher than a month ago but 52.9 cents lower than the year-ago average.

Nationally, prices fell an average 3 cents to $2.73 a gallon.

Analysts noted that anticipated California oil imports from overseas had slowed a recent spike in wholesale fuel prices, and crude oil has failed to sustain a price-climbing rally this summer.

“For now, it would appear that the latter half of the summer will bring cheaper gas prices than the first half while this autumn is shaping up to give this past winter a run for its money in terms of cheap gas prices," said Patrick DeHaan, senior petroleum analyst for GasBuddy.

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