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Pain at the Pump as Gas Prices Soar




Sacramento, February 11- Average retail gasoline prices in Sacramento have risen 9.9 cents per gallon in the past week, averaging $3.87/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. This compares with the national average that has increased 5.7 cents per gallon in the last week to $3.55/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Sacramento during the past week, prices yesterday were 13.1 cents per gallon higher than the same day one year ago and are 39.1 cents per gallon higher than a month ago. The national average has increased 28.2 cents per gallon during the last month and stands 7.2 cents per gallon higher than this day one year ago.

"If anything positive came about as a result of Winter Storm 'Nemo' it may be that the resulting 'demand destruction' seems to have flattened out the rate at which prices had been increasing in the Northeast and the Midwest too," said Senior Petroleum Analyst Gregg Laskoski.  "On the west coast motorists are less fortunate. With western refineries producing at 75% capacity (less than any other region), California has seen its average price increase by 14 cents per gallon over the past week; doubling the rate of increase over the same period for the rest of the country."

About GasBuddy
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.