“The national average retail price of regular-grade gasoline dropped 3 cents in the past two weeks to $4.24 a gallon,” according to the Lundberg Survey.
CAMARILLO, Calif. — the national average retail price of regular-grade gasoline dropped 3 cents in the past two weeks to $4.24 a gallon, the Lundberg Survey reported on Sunday.
The survey said that brings the total decline to 19 cents a gallon over six weeks, leaving the current price $1.27 above its year-ago point. Mid-grade gasoline averaged $4.57 a gallon, and premium averaged $4.83.
The highest average price for regular-grade gasoline in the April 22 survey was $5.71 in the San Francisco Bay Area. The lowest average was $3.70 in Tulsa, Oklahoma.
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Lundberg surveys a national panel of markets twice monthly.
“Although crude oil prices rose in this period, the past few days saw them drop,” industry analyst Trilby Lundberg said. “This, with a big loss of business margin by retailers, allowed the average price to decline. Unless oil prices fall further, additional drops in pump prices are likely to be small or none.”
