Rising Gas Prices Heading into 2014
Sacramento, CA- Average retail gasoline prices in Sacramento have risen 6.2 cents per gallon in the past week, averaging $3.51/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.29/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Sacramento during the past week, prices yesterday were 7.0 cents per gallon higher than the same day one year ago and are 7.9 cents per gallon higher than a month ago. The national average has increased 4.0 cents per gallon during the last month and stands 2.2 cents per gallon higher than this day one year ago.
"The sub $3/gallon gas was great while it lasted, but unfortunately it has nearly completely dried up," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "As of late Sunday night, zero states were seeing their averages under $3/gallon. As the New Year rolls in, this is a type of trend that we're used to seeing. The bottom is behind us and prices generally begin the New Year on a higher note, like they will again this year. The trend won't last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two," 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.