U.S. Gasoline Prices Continue to Fall

The average price of regular gasoline in the U.S. dropped 32 cents during the past two weeks to an average of $4.54 a gallon. Fuel industry analyst Trilby Lundberg of the Lundberg Survey says that the continued decline is coming at the same time crude oil costs continue to fall. Lundberg says, “Further drops at U.S. pumps are likely as the cuts in the wholesale gasoline price continues down to street level.” While the average price at the pump is down 55 cents during the past six weeks, it’s still $1.32 higher than the price a year ago at this time. The Associated Press says the highest average price in the nation for regular-grade gas was in Los Angeles at $5.65 a gallon. The lowest average price at the pump was in Baton Rouge, Louisiana, at $3.90 a gallon. Diesel prices dropped 22 cents in two weeks to $5.55 a gallon.