Average U.S. gasoline price drops 19 cents to $4.86 a gallon
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CAMARILLO, Calif. (AP) — The average U.S. price for regular gasoline fell 19 cents over the past two weeks to $4.86 a gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the continued decline comes as crude oil prices also fall.
« Assuming oil prices don’t rise from here, motorists could see prices drop another 10 to 20 cents as oil price declines continue to trickle down to street level, » Lundberg said in a statement.
The average price at the pump is down 24 cents over the past month, but is $1.66 higher than it was a year ago.
Nationally, the highest average price for regular gas was in the San Francisco Bay Area at $6.14 per gallon. The lowest average was in Baton Rouge, Louisiana at $4.19 per gallon.
According to the survey, the average diesel price has fallen 13 cents since June 24 to $5.76 a gallon.