May 12, 2014 2:27 PM
The average price for a gallon of gas in Chico is down 5.3 cents per gallon, to $4.01.
According to gasbuddy.com, a website that tracks gas prices at over 140,000 gas stations nationally, this local price drop compares with the national average that has fallen 1.8 cents per gallon in the last week to $3.62.
Including the change in gas prices in Chico during the past week, prices yesterday were 7.8 cents per gallon higher than the same day one year ago and are 10.6 cents per gallon higher than a month 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. 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.