Chico gas prices continue to drop

Sep 22, 2014 11:21 AM by News Staff

A gasoline pricing website says the average price of a regular gallon of gasoline in Chico has dropped another 3.8 cents over the last week to $3.58, a decline of 16.5 cents in the last month.

Including the change in gas prices in Chico during the past week, prices yesterday were 34.2 cents per gallon lower than the same day one year ago. The national average has decreased 8.1 cents per gallon during the last month and stands 15.0 cents per gallon lower than this day one year ago.

"As expected, fuel prices nationwide continue to decline following the expiration last week of the EPA's 'summer blend' gasoline requirement," said Senior Petroleum Analyst Gregg Laskoski. "That's good news for consumers. We know that when gas prices rise in springtime it removes billions from the U.S. economy... Logic dictates that the reverse is true too, and that as prices fall, it puts a little money back in consumers' pockets."


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