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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

Lake Tahoe Ski Resorts Get Boost with SnowstormTahoe South launches into spring with more than a foot of fresh powder falling on area ski resorts: Heavenly, Sierra-at-Tahoe and Kirkwood this past weekend

Local Women Recognized at Soroptomist Awards CeremonySoroptimist International of Loomis Basin (SILB) recently presented nearly $5,000 in community awards

50 Days of the Dead: Mission in the RainThe Jerry Garcia Band ripping through a powerful Mission in the Rain from one of our favorite shows.

Roseville Crime Report Digest Update (3.3.15)The Roseville, CA weekly police crime report update for March 3, 2015.

Roseville Thieves Targeting Mail and Catalytic ConvertersRoseville police are reporting an increase in both mail and catalytic converter thefts.

Led Zeppelin in Roseville on March 30thRoseville area residents have the opportunity to see Led Zeppelin on the big screen March 30th at Century Roseville

Vertical Express for Can Do MS Squaw ValleyVertical Express for Can Do MS at Squaw Valley March 14- 15.

California Nut Festival Tickets on Sale March 6thTickets for the 2015 California Nut Festival held in Chico go on sale March 6th.

Ophir Gardens: Safe Water Flows AgainResidents of Ophir Gardens no longer have to worry about having a safe, reliable water supply.

Substitute Teacher Recruitment Fair in Roseville Roseville, CA - Brandman University is hosting a free Substitute Recruitment Fair in Roseville March 5th

Rocklin Crime Report Digest Update (3-3-15)Rocklin weekly crime report update for the period of February 23,2015 to March 1, 2015.

STEM Expo in Rocklin at WJU March 7thWilliam Jessup University will host Placer County's Fifth Annual STEM Expo on Saturday, March 7, 2015.


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