20 Percent Drop in Gas Prices Coming Soon?
If you're seeing a pleasant decrease in the price at the pump you're not imagining things.
The U.S. average retail price of gasoline has fallen below $3.60/gal for the first time since April 10, 2014. Prices have been on an 18 consecutive day streak where the current price was less than the price from the previous day, and it's the highest number of consecutive down days since the period between April 4, 2013 and April 19, 2013, when prices fell 11.8cts/ gal from $3.63 to $3.52. The U.S. average, now $3.59/gal., has dropped by 5 cents in the past week.
"West Texas Intermediate crude, the benchmark for the U.S., traded below $100 per barrel today for the first time since April, reflecting a slow but steady decline in recent weeks," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Over the same period, we've seen wholesale crude prices across the country slip dramatically. West Coast wholesale prices have fallen by more than 35 cents per gallon since the beginning of the month, and across the rest of the country wholesale prices have fallen by 15 to 20 cents per gallon."
"We're confident that in coming weeks we'll see retail prices catch up to the wholesale losses. West Coast consumers will likely see their retail prices slide from 15 to 25 cents per gallon over the next two weeks, and across the rest of the country we can expect prices at the pump to shed from 10 to 20 cents per gallon," DeHaan said.
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesAll-new Volkswagen Atlas a roomy SUVRoseville, CA,- Looking to fill what it considered a void in its sport utility vehicle offerings, Volkswagen developed the 2018 Atlas.
Lower Cost Electricity Anticipated for Some Placer County ResidentsPLACER COUNTY, CA - In December, residents and businesses will receive the first of several notices informing them about the coming change in their electric energy supply
Groundbreaking for Interstate 80 / Highway-65 Interchange ImprovementsRoseville, CA, - The Placer County Transportation Planning Agency (PCTPA), in partnership with Caltrans, the South Placer Regional Transportation Authority, the Federal Highway Administration
Merry Days & Holly Nights at Squaw Valley Alpine MeadowsOlympic Valley, Calif.- Squaw Valley Alpine Meadows is celebrating its second annual Merry Days & Holly Nights, two weeks of spirited events and activities December 16-31.
Southern California Fires Fueled by WindsCalifornia Fire Updates 2017: Over 8,500 firefighters have made significant progress on the wildfires burning in southern California. As containment lines continue to be reinforced, many evacuations have been lifted
$111 Million Budget Adopted by PCWA BoardAUBURN, Calif. , - At its December 7 meeting, the Placer County Water Agency (PCWA) Board of Directors adopted the Agency's 2018 budget
Woman Found Dead in the American River CanyonAuburn, CA,- The Placer County Sheriff's Coroner's Office has confirmed the identity of the woman found in the American River canyon Wednesday as Yin Wong, 33, of Sacramento.
Reward Offered in Khaki Bandit CaseSACRAMENTO- The Federal Bureau of Investigation (FBI) is offering a reward of up to $20,000 for information that will lead to the arrest and conviction of an armed and dangerous individual
Joey Travolta to Speak at MIND Institute(Sacramento, Calif.)-The UC Davis MIND Institute will host Joey Travolta on Wednesday, Dec. 13 as part of the ongoing Distinguished Lecturer Series. Travolta, owner of Inclusion Films
Medieval Armored Combat in Roseville @ the GroundsRoseville, CA - On Dec. 9-10 the newly renovated barn @the Grounds will showcase real knights in real battles in true medieval fashion for the Armored Combat League
Placer County Property Taxes Due ReminderAuburn, CA, - Placer County Treasurer-Tax Collector Jenine Windeshausen reminds property owners that the first installment of their annual property taxes for the 2017-18 tax year
Folsom Zoo Wild Nights and Holiday LightsFolsom, CA,- Many hours of hands-on work by local families, businesses, community groups and city staff go into installing the lights, decorations and displays for the Folsom Zoo
NEWS: In Case You Missed It