Gas Prices Jump 50 Cents In Sacramento Area

SACRAMENTO (CBS13) – The average price of a gallon of gas in Sacramento is up 50 cents from last month to $4.28, according to the latest fuel survey from AAA.

The state-wide average for a gallon of regular, unleaded gasoline is $4.36, up 51 cents since last month’s AAA report on Feb. 14. For perspective, that’s 40 cents higher than California’s average price on this date last year. Among all 50 states, California has the second-highest state average price for gas behind only Hawaii.

Northern California gas prices are now averaging $4.33, up 50 cents from last month. In the Bay Area, motorists can expect to pay an average price of $4.41, a 51-cent increase.

The national average price of $3.81 is up by 30 cents from a month ago and is 25 cents more than the national price on this date last year, when it was $3.56.

According to AAA, the biggest month-to-month price jump in Northern California metro areas tracked by the organization was in Salinas, which saw a 57-cent increase. Over the past month, the pump prices have jumped by at least 41 cents in every single Northern California metro area tracked by AAA.

“Investors’ buying activity continues to be the dominate influence that is pushing prices higher,” said AAA Insurance spokesperson Matt Skryja in a press release. “Recent positive economic indicators in the United States and Europe have inspired investors to buy more oil and gas futures, which has helped to push up the price of oil and gas.

“However, there may be some relief in sight. Just (Monday), concerns over a slowing economy in China and easing tensions with Iran helped pull down the price of oil.”

That downward pull follows a steady stream of influences that have been causing oil prices to rise. On Friday, reports surfaced that the European Union was nearing a positive resolution to the Greek sovereign debt crisis. When this news was combined with positive U.S. jobs numbers, it inspired investor buying activity and propelled the price of crude back toward its high for the year, AAA said.

  • Tim

    I can beat that. Here, around Seattle, it has gone up $.40/gal, in just two weeks. At that rate, after a whole month, it will be up $.80.

    • FillThisUp

      Unelected officials took over Washington and the media. They think you can’t handle the truth. Fact of the matter is we have no democracy, president, and freedom of press is an illusion.

      Our next election is shaping up to be as big of a sham as the last. Do you know why Sarah Palin’s bus tour was really canceled? Do you know why she stayed 30 miles away from the second debate and chose the death of Steve Jobs to announce that she’s not running? Know what leaked out? Sarah Palin and Cain aren’t in the race for the same reason, the truth leaked out. Search PalinsDirtyLittleSecret for the biggest cover up in history

  • Parker

    Obama’s administration has been found in contempt of court for shelving and ignoring new oil drilling permits for months. Who does he think he’s fooling? Oh that’s right, he’s fooling his idiotic supporters, again.

  • Grapevine

    Lets write obama a letter thanking him for the higher price, and to bring it up more, since all you fans and followers love him so much. Can you pay for my gas as well

    • Yes


      • Jeff Shaffer

        Lehould be paying as much as they do in Eid that we s me remind you that it was the Sec. of Energy Who said we should pay as much as the do in Europe for gas. He works at the pleasure of the President of the United States of America, Barry Obama.

  • Concerned Citizen

    Once again, another red meat article to get the Sacramento local Republican morons out proving how completely ignorant they all are on the reality of global markets.

    Congrats, you uneducated boobs, you just keep revealing how dumb you are.

    Amazing how stupid you idiots are!!!!

    • Jeff Shaffer

      Re–read your post. 99% is as children would say, “Calling Names” and I can find no information that explains your position. What was your goal? Nanny nanny Boo Boo

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