Gasoline prices at U.S. pumps fell for the first time in four months, according to Lundberg Survey Inc.
The average price for regular gasoline fell 0.69 cents in the past two weeks to $2.3653 a gallon, according to the Camarillo, California-based company, which gathers information from about 2,500 filling stations. That’s the first decrease since Lundberg’s Feb. 19 survey.
“Chances are fairly high we will have a continuation of this trend with further price slippages, assuming crude prices approximate where they are now and gasoline supply and demand continues the way it is now,” Trilby Lundberg, president of Lundberg Survey, said in a telephone interview.
The average retail price is 48.41 cents lower than a year ago, Lundberg said.
The highest average price at U.S. retail pumps included in the survey was $2.90 a gallon, in the San Francisco Bay Area. The lowest was $1.99 in Tulsa, Oklahoma.