Survey: National gasoline prices fell for the first time in months

Survey: National gasoline prices fell for the first time in months (Alberta Times) A national survey released on Sunday showed that the national average gasoline price over the past two weeks...

Survey: National gasoline prices fell for the first time in months (Alberta Times) A nationwide survey released on Sunday showed that the national average price of gasoline has fallen by more than 5 cents in the past two weeks, the first decline since December. According to CNN, a Lundberg survey showed that the current average price of regular gasoline is $3.91. The price is down at least 5 cents from two weeks ago, when the average oil price was approaching the $4 mark. "We can attribute the decline in gasoline prices that we've seen over the past few weeks to crude oil (price changes)," publisher Trib?#20262; DeBerg said. Gasoline is in abundant supply, but crude oil prices have "increased" the cost of gasoline, she said. As crude oil prices stabilized, gasoline prices fell. If crude oil doesn't rise, "we could see another 5 to 10 cents lower over the next few weeks," she said. Even if we look forward to late May, when the country enters peak driving period, if crude oil prices remain stable, oil prices may not surge due to sufficient supply. The national average price of gas a year ago was $3.88, 3 cents less than the current average price, Lundberg said. The Lundberg Survey counts gas prices at thousands of gas stations across the country every two weeks. Chicago's average gas price has dropped nearly 19 cents over the past two weeks to $4.26, but it's still the highest city price in the most recent survey. In addition, the city with the lowest average gas price is Tulsa, Oklahoma, at $3.52.