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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.





Placer County News Headlines

$20 Pet Adoptions at Placer County's Auburn ShelterFacing a spring surplus of rescue pets - and in celebration of National Adopt a Shelter Pet Day April 30 - Placer County's Auburn animal services center will lower adoption fees

Roseville Hosts I Love the 80's Fun RunRoseville, CA- On Sunday, May 1, 2016, the City of Roseville will host the I Love the 80's Fun Run in Downtown Roseville.

Yomen Spring Celebration in RosevilleYomen spring celebration in Roseville is free community event at Maidu Museum & Historic Site on April 30, 2016.

Roseville Man Arrested for Child Molestation in Bay AreaJames McNealy Carroll, a 64 year-old Roseville resident has been arrested for six counts of child molestation.

Vacancies: Mental Health, Alcohol and Drug Advisory BoardThe Placer County Mental Health, Alcohol and Drug Advisory Board is in need of additional community members to fill vacant seats.

Distance Language Intervention and Disabilities CommunicationSean Sawicki, who has fragile X syndrome, can be hard to understand and doesn't always have the attention span to carry on a sustained conversation

Sutter Buttes Bike Poker Run & Wine Tasting May 14thSutter, CA - Visit Yuba-Sutter will host the annual Sutter Buttes Bike Poker Run and Wine Tasting event on May 14, 2016.

Roseville's Greener Gardens Tour & DIY Expo Roseville, CA- Join hundreds of people for Roseville's Greener Gardens Tour and Do-It-Yourself (DIY) Expo on Saturday, May 14th

Holly Heinzen reflects on 31-year career in serviceAfter making it through her first day, wondering if she would even be able to make it up the hill and into the parking lot, Heinzen had found a place where she would spend the duration of her career

Autism: Pool and Water Safety TipsRoseville, CA- April is National Autism Awareness month. Drowning is a leading cause of death for children and adults who have Autism.

Electric Vehicle Charging Stations in AuburnAuburn -The Placer County Transportation Planning Agency (PCTPA) and the City of Auburn will host a ribbon cutting celebration to recognize the installation of two new electric vehicle

Rocklin Flash Crime Report (4.27.16)Rocklin, CA- Rocklin Police crime report digest summary for the period of April 18- 24, 2016.


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