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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

Placer Valley Sports Complex: Who's Designing It?Placer Valley Sports Complex, Inc. has reached its first major milestone in the building and development of its brand new, state-of-the-art Regional Sports Complex in Roseville.

25 Year Old Arrested as Arson SuspectThe Placer County Sheriff's Office arrested David Petrashishen, 25 for arson following Sunday's fire in Elverta.

California Statewide Fire Summary (7.30.15)California Fire Updates 2015: Yesterday afternoon and evening fire activity in Northern California significantly increased as temperatures hit the triple digits and the winds became very gusty.

Roseville Crime Report Digest Update (7.30.15)Roseville, CA - Weekly crime report digest update for Roseville, July 30, 2015.

State Moonlights as SlumlordIf a recent study to determine the safety of 29 state-owned buildings tells us anything, it's that the state is a terrible landlord

Community Foundations Fund Senior Nutrition ProgramsAuburn, CA - Thanks to additional funding, Seniors First will soon expand a program established to provide homebound seniors with hot meals and daily social interaction

Hot Pink Fun Run in Roseville to benefit Placer Breast Cancer FoundationRoseville, CA -- The Placer Breast Cancer Foundation is hosting the eighth annual Hot Pink Fun Run event in Roseville.

Air Quality Alert in Placer CountyThe Placer County Public Health Officer and Placer County Air Pollution Control District are issuing a joint air quality advisory to notify the public of the potential for poor air quality

Roseville and Lincoln to Host Senior Softball-USA Western NationalsThe 15th Annual Senior Softball-USA Western Nationals (SSUSA) will take place August 3-9 at Foskett Regional Park in Lincoln and Maidu Regional Park in Roseville

California Statewide Fire Summary (7.28.15)California Fire Updates 2015: While most of California saw a rise in temperatures, firefighters across the State continued to make good progress on the 9 active large wildfires.

Roseville Crime Report Digest Update (7.28.15)Crime report digest update for Roseville, California July 28, 2015.

Summer Institute on Neurodevelopmental Disorders August 7thThe 12th Annual UC Davis Summer Institute on Neurodevelopmental Disorders - one of the nation's premier gatherings of health professionals, educators and families


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