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 HeadlinesKidney Cancer Secrets Revealed?An international team of scientists, led by UC Davis nephrologist Robert Weiss, have used a sophisticated combination of proteomics and metabolomics to show how
Autism Speaks Walk at River Cats StadiumWalk Now for Autism Speaks takes place at River Cats Stadium on May 31, 2015. ( via ATOU Cares.org)
Lacrosse Recruiting Showcase in Roseville May 29-31Rocklin, CA - Swashbuckler Lacrosse is thrilled to announce their first ever Laxapalooza Recruiting Showcase that will take place at Maidu Park in Roseville
Ryan Davis to join Sierra College as VP of Human ResourcesRocklin, CA- - At their May Board Meeting the Sierra College Board of Trustees approved the hiring of Ryan Davis
Women Warriors Through History in RocklinA new photo art exhibit graces the hallway on the second floor of the Sierra College Rocklin Campus
Despite Drought, Middle Fork Project Covers CostsDrought Watch: The Middle Fork Project, a system of dams, reservoirs and electrical generation facilities in eastern Placer County, continues to hum along
Pharmacies Robbed as Police Seek SuspectThe Placer County Sheriff's Office is asking for the public's help in identifying a man suspected of robbing pharmacies
J Beverly Hills Stylist at True Image Salon in Roseville May 22-23Famed J Beverly Hills colour creator and celebrity stylist Max Eli will be visiting True Image Salon and Spa on May 22-23
Rocklin Crime Report Digest Update (5-20-15)Crime report digest update for Rocklin, California from the period of May 11- 17, 2015.
Placer County Mulls Over Budget ConsiderationsThe Placer County Board of Supervisors took a close look Tuesday at several key budget challenges that will face the county next fiscal year
Placer County Fair Entry Deadline May 22ROSEVILLE, CA. - Blue ribbons are waiting for the hundreds of classes that can be entered in the annual Placer County Fair
Roseville Charter School to Purchase Heald College ComplexOfficials from John Adams Academy (JAA) charter school in Roseville announced they are in agreement to purchase the former Heald College
NEWS: In Case You Missed It