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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

Job Fair at Thunder Valley CasinoLincoln, CA- Thunder Valley Casino Resort looks to hire over 50 new employees at its Job Fair on Tuesday, May 23 from 12 p.m. to 6 p.m.

Roseville Gas Prices Jump Higher before Memorial Day Weekend TravelRoseville, CA - Roseville area gas prices have jumped this past week pushing prices at the low prices leaders near the $2.70 per gallon mark

WJU Names New Jake McKinley as Baseball CoachROCKLIN, Calif. - Jake McKinley, who spent the last four years as a head baseball coach at Menlo College, has been named the William Jessup baseball head coach.

13 Tips to Help Prevent Skin CancerAuburn - Protecting your skin from the harmful rays of the sun is a simple way to help prevent the development of skin cancer.

PCWA Awards $70,000 in GrantsAUBURN, Calif. - The Placer County Water (PCWA) Agency Board of Directors awarded five grants totaling $70,345 to local public water purveyors...

Corey Harper Releases New Video, Ready for BottleRock Napa ValleyHailing from Portland, 21-year-old singer/songwriter Corey Harper premieres the music video for his new track "Favorite Part of Loving You" on Relix

Roseville, Rocklin Gear Up for Hot Weekend of EventsRoseville, CA - The heat is on in Roseville and Rocklin. The mercury is forecasted to push into the 90's this weekend and it looks like summer weather is finally arriving with plenty of sunshine.

Free Community Health Day this SaturdayGrass Valley, CA- Chapa-De Indian Health will host Community Health Day this Saturday, May 20 from 11 a.m. to 3 p.m. at their Grass Valley Health Center

9 Great Songs that JamRoseville, Ca - We love the weekend and a good musical jam. This week our music staff fires up a playlist of songs that are a bit longer than the average corporate crafted pop ditty.

Hotel Azure in South Lake Tahoe Renovates for Stylish ComfortSouth Lake Tahoe, CA - During a recent adventure to Lake Tahoe, we found comfortable, modern quarters at Hotel Azure (formerly Inn By the Lake).

The Village at Squaw Valley Serves Up World Class FunOlympic Valley, CA- Squaw Valley is just up the road and another reason to love all that Placer County offers in any season.

Placer Veterans Stand Down Event in RosevilleROSEVILLE - Placer Veterans Stand Down, a non-profit organization whose mission is to help the Veteran population, is gearing up for its annual event May 23-25 at the Placer County Fairgrounds


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