News Column

Gas Prices Down 6 Cents in Holiday Week

July 1, 2013

Heading into the Independence Day weekend, Sacramento-area motorists are actually catching a break at the gas pumps.

The average retail price of gasoline in the Sacramento area fell 6.3 cents over the past week to $3.81 a gallon, according to today's weekly report by national price tracker GasBuddy.com, which surveys 720 stations in the area.

According to the GasBuddy survey, Sacramento prices are 17.3 cents higher than a year ago but 7.1 cents lower than a month ago.

Nationally, the average price of gas fell 5.7 cents over the past week to $3.50 a gallon -- 12.9 cents higher than a year ago and down 13.6 cents from last month.

"After an impressive surge abated several weeks ago, we're seeing gasoline prices decline nicely," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "The national average is likely to continue its decline this week as retail prices catch up to the decrease in wholesale gasoline prices."

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(c)2013 The Sacramento Bee (Sacramento, Calif.)

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Source: Copyright Sacramento Bee (CA) 2013


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