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Sacramento TodayLocal News and Business

Gas Prices Push Lower





Sacramento, December 16- Average retail gasoline prices in Sacramento have fallen 0.9 cents per gallon in the past week, averaging $3.44/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. This compares with the national average that has fallen 2.4 cents per gallon in the last week to $3.21/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Sacramento during the past week, prices yesterday were 6.8 cents per gallon higher than the same day one year ago and are 1.2 cents per gallon higher than a month ago. The national average has increased 0.7 cents per gallon during the last month and stands 3.8 cents per gallon lower than this day one year ago.

"Another downward trend in gasoline prices has emerged as motorists hit the roads in the last full week before Christmas," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Historically, this is about the time of year that gasoline prices hit their yearly lows, but this time around, I have more optimism that prices may move even lower in the next few weeks. As we finish our 2014 forecast at GasBuddy in the near future, we can say that 2014 does offer some relief compared to what we'll end up seeing in terms of average in 2013, but for the time being, the next week looks to see a continued drop in gasoline prices," DeHaan said.

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.