End of Falling Gas Prices?
Average retail gasoline prices in Sacramento have risen 0.4 cents per gallon in the past week, averaging $3.43/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento.
This compares with the national average that has fallen 1.4 cents per gallon in the last week to $3.25/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Sacramento during the past week, prices yesterday were 7.3 cents per gallon lower than the same day one year ago and are 10.8 cents per gallon lower than a month ago. The national average has decreased 1.3 cents per gallon during the last month and stands 14.2 cents per gallon lower than this day one year ago.
"With the Thanksgiving behind us it appears that a nominal decline in retail gasoline prices will ring in the first week of December for most parts of the country," said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. "With the government's report of healthy fuel inventories and U.S. refinery output reaching its highest level since early October, the savings at the pump is coming just in time," Laskoski added.
GasBuddy operates SactoGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.
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