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.
Print This Article
Placer County News HeadlinesJeep Grand Cherokee: More Refined Than EverA 2014 "refreshening" has given the Grand Cherokee a more modern, sophisticated look that will have admirers giving it the double take.
People & Culture Days in Rocklin October 22- 23Rocklin, CA - Have you ever sampled Persian food? Have you listened to Peruvian music? Can you make a Japanese origami crane? Would you like to get a henna tattoo?
Heartstoppers Haunted House Frightening Ghosts and Ghouls You will be scared out of your wits for a good cause this October as the Heartstoppers Haunted House returns to the former Mine Shaft venue
PCWA Encourages Rapid Watershed ProtectionIn wake of the King Fire, the Placer County Water Agency is encouraging expanded and rapid remediation of heavily burned National Forest Lands to protect water quality of the Rubicon River watershed before winter storms.
Big Bad Voodoo Daddy at Thunder Valley on New Year's EveGuests will have the chance to purchase tickets to Thunder Valley Casino Resort's much anticipated $100k Big Easy New Year's Eve Celebration Main Event- as tickets go on sale Saturday, October 18 for Big Bad Voodoo Daddy.
Ebola Virus: Oral and Facial Surgeons AdvisoryThe California Association of Oral and Maxillofacial Surgeons (CALAOMS) has issued an advisory to all oral and facial surgeons in California that provides important guidance on Ebola virus
$24 Million Makeover for South Tahoe's MontBleu ResortRenovations exceeding $24 million at MontBleu Resort that include the casino floor, convention center and all 437-rooms from the 17th floor and down will begin
Roseville California Crime Brief (10.17.14)Crime brief report for Roseville, California for October 17, 2014
Free Drip Irrigation Workshop in Granite BayDrought Watch: Saturday October 18, San Juan Water District experts will be hosting a free water conservation workshop for its customers and neighbors
2014 Rocklin MobilePack Gets Boost from Wells FargoA three-day, all-volunteer effort for area residents to pack meals for malnourished children around the world has received a big boost from Wells Fargo.
141 Pounds of Weed, Psychedelic Mushrooms in Roseville Police BustBrian Lee Feld Getz, age 36 of Grass Valley and Timothy Conway Reimer, age 33 of Philadelphia were jailed on suspicion of possessing and selling marijuana, and conspiracy.
Rocklin Woman Arrested in Day Spa Pimping CaseZulgerel Baker, 35, of Rocklin, was arrested following a nine-month-long Placer County Sheriff's Office investigation.