Average US gas prices fall 7 cents thanks to crude costs
CAMARILLO, Calif. (AP) — The average price of a gallon of regular-grade gasoline fell 7 cents nationally over the past two weeks to $2.56.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the drop comes as crude oil prices drop and flooded refineries on the hurricane-battered Gulf Coast return to operation.
Lundberg says she expects further price cuts as refiners make cheaper “winter grade” gasoline.
The current price is 27 cents above where it was a yea
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