Business Journal: Gas Prices Dipping
The cost of gas in Sacramento has come back down again, just as shoppers are on the road.
Monday, December 12, 2005
After Hurricane Katrina, the price of gasoline soared nationwide, as anxious talk about supply cutbacks and offline refineries spread deep concern. Gasoline peaked over $3 a gallon three months ago.
But the average price of gasoline in the Sacramento right now has dropped 25% from that high … at $2.30 a gallon. Diesel has seen a similar decline from its peak just two months ago. It’s $2.63. Both prices are well above what they were a year ago, but for concerned motorists, it’s good news at a time when many are scouring the region for those perfect gifts.