Gas Prices Under $3 Gallon Coming Soon?
Sacramento, - Average retail gasoline prices in Sacramento have fallen 3.4 cents per gallon in the past week, averaging $3.79/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. This compares with the national average that has fallen 2.0 cents per gallon in the last week to $3.45/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Sacramento during the past week, prices yesterday were 8.7 cents per gallon higher than the same day one year ago and are 16.3 cents per gallon lower than a month ago. The national average has decreased 13.2 cents per gallon during the last month and stands 8.5 cents per gallon lower than this day one year ago.
"The national average has now dropped to its lowest level since February, and with the end of the summer driving season nearing, we'll likely see gas prices continuing the downward trend," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Oil prices last week dropped to $95/bbl briefly before rising the next day back to $97/bbl, but the important factor is that prices remain under triple digits.
For motorists, we're nearing the point that gasoline demand drops- after Labor Day- and also the upcoming switch back to cheaper winter gasoline will also put downward pressure on prices in mid-September. While a short term increase in gasoline prices is never out of the question, as we grow nearer to September, the likelihood of a spike decreases.
It won't be long before we'll start to see a few cities seeing averages under $3/gal: areas of Tennessee and South Carolina are already getting close," DeHaan said.
GasBuddy operates SactoGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesRoseville and Rocklin Men among those Caught in StingDuring a two-day sting operation last week (October 19-20, 2016) in Folsom (Sacramento County), investigators from CSLB's Statewide Investigative Fraud Team (SWIFT) cited 35 people for various illegal contracting charges.
In Roseville: Creating an Ecosystem of EntrepreneurshipWhat do Roseville, Rocklin, Lincoln, Auburn, Foresthill, Loomis, Colfax, Kings Beach and Tahoe City all have in common?
Solutions sought in North Tahoe Affordable Housing CrisisKINGS BEACH, Calif. -- Placer County continues to work on ways to improve workforce housing in the North Lake Tahoe region.
Send Silence Packing hosted by Sierra CollegeRocklin, CA - Send Silence Packing is a nationally recognized traveling exhibition of 1,100 donated backpacks, representing the number of college students lost to suicide
Harvest Carnival for Deaf Children in RocklinROCKLIN, Calif., - William Jessup University's American Sign Language Program will host a free Harvest Carnival for all children learning or wanting to learn sign language
Over 500,000 Meals for Malnourished ChildrenROCKLIN - A local effort to pack meals for malnourished children around the world successfully packed 505,440 meals over a three-day period
2 Sporting Events Slated for RocklinRocklin, CA - William Jessup University (WJU) in Rocklin will host the 10th Annual Bill Holtz Warrior Classic on Nov. 4-5 and the Golden State Athletic Conference
Placer County Animal Services Center Now OpenAUBURN, Calif. -- Placer County's new Animal Services Center opened its doors to the public today in North Auburn. Now that all the animals have been relocated from their dated
Squaw Valley Ski Museum Foundation hires Executive Director(Olympic Valley, CA) - Squaw Valley Ski Museum Foundation (SVSMF) announces that Sandy Chio has joined the organization as Executive Director
Roseville Flash Police Report (10.24.16)Roseville, CA- Roseville police activity and summary report for the period covering October 12-21, 2016.
Subaru Outback features off-road capabilityRoseville, CA- It's considered a sport utility vehicle, but could easily be mistaken for a wagon. I'm guessing the folks at Subaru could care less how the 2017 Subaru Outback
Roseville Gas Price Competition Heats UpRoseville, CA- Gas prices in Roseville have eased slightly during the past week. Competition among the low price leaders has tightened
NEWS: In Case You Missed It