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Sacramento Weekly Gas Price Update and Outlook

Edited By Alan Gray, NewsBlaze

Average retail gasoline prices in Sacramento rose 3.3 cents per gallon in the past week, averaging $3.05/g today. This compares with the national average that stayed flat, moving just 0.2 cents per gallon in the last week to $2.81/g, according to gasoline price website SactoGasPrices.com.

Including the change in gas prices in Sacramento during the past week, prices today are 82.0 cents per gallon higher than the same day one year ago and 14.4 cents per gallon higher than a month ago. The national average increased 11.8 cents per gallon during the last month and stands 78.1 cents per gallon higher than this day a year ago.

"Oil prices have been reluctant to move higher than the low $80/barrel range as adaquate supply and lower global demand continue to weigh on investors", said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "The pause in oil prices has translated into retail prices that have remained virtually unchanged over the last week", DeHaan says.

Don't expect stable gasoline prices to last long though. "Prices will continue to rise in April before peaking around Memorial Day to close to $3/gallon across areas of the country as cleaner burning summer fuels are sold", according to DeHaan.

GasBuddy.com operates over 200 live gasoline price-tracking websites, including SactoGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.