In a rare reversal of a long-standing trend, gas prices in the
Sacramento area and throughout California remained stable last week while the
rest of the nation saw a significant increase.
The average retail price of gasoline in the area rose about a penny over the past week to $3.97 a gallon, according to today's report by national price tracker GasBuddy.com, which surveys 720 stations in the area.
Statewide, GasBuddy said today's average is $4.04, also up a penny from last week's $4.03.
Sacramento prices are now 27.5 cents lower than they were a year ago but 15.7 cents higher than a month ago.
Nationally, the average price of gas rose nearly 9 cents to an average of $3.67 a gallon -- up 16.6 cents from last month and 3 cents below a year ago.
Patrick DeHaan, senior petroleum analyst for GasBuddy, said "the last seven days have delivered some shocks at the pump for motorists in the nation's Midwest. I don't believe I've ever seen gasoline prices in the Midwest surpass California. Areas of Nebraska, Minnesota, Oklahoma, North and South Dakota and Kansas have done that.
"Gas price records in these areas aren't being quietly replaced; they're being blown out of the water."
Energy analysts pointed to outages at key refineries serving the Midwest region. A corresponding drop in the supply of motor vehicle gasoline set off the price spikes.
(c)2013 The Sacramento Bee (Sacramento, Calif.)
Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com
Distributed by MCT Information Services
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
|Customer Service||Policy||Advertise||Site Tools|
|HispanicBusiness Services||Editorial Guidelines||Ad Specifications||Magazine Archive|
|List Rental Agreement||About Us||Media Kits||Post Your Event|
|HireDiversity Job Search||Editorial Calendar||Research|
© 2014 HispanicBusiness Inc. All Rights Reserved.