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High Gas Prices Hurting Tight Budgets

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Sacramento, - Average retail gasoline prices in Sacramento have fallen 4.1 cents per gallon in the past week, averaging $4.07/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. This compares with the national average that has fallen 1.8 cents per gallon in the last week to $3.62/g, according to gasoline price website GasBuddy.com.
 
Including the change in gas prices in Sacramento during the past week, prices yesterday were 11.2 cents per gallon higher than the same day one year ago and are 12.6 cents per gallon higher than a month ago. The national average has increased 2.9 cents per gallon during the last month and stands 4.9 cents per gallon higher than this day one year ago.
 
"Pump prices have continued to recede across much of the country, although decreases have been small so far," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The national average peaked in the closing days of April and has moved down a few cents per gallon, and we'll likely continue to see prices dropping as we approach Memorial Day. California continues to see the largest decreases thanks to increasing supply and falling wholesale prices. On the other hand, Oregon and Washington may see slight increases in prices as supply remains tight. The national average by Memorial Day will be between 5-10 cents per gallon lower than today, which would represent a nice decrease over where gasoline prices were on Memorial Day 2013," 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.