//
you're reading...
Reporting, Research

U.S. Gasoline Posts First Price Drop Since December


NEW YORK — Drivers dealing with pinched pocketbooks can let out a small sigh of relief: the nationwide Lundberg Survey found that U.S. gasoline has posted its first price drop since December, according to Reuters. The average price for a gallon of gasoline declined 5.44 cents over the past two weeks.

The average price for regular gas of $3.9671 on April 6 fell to $3.9127 on April 20, which is still 3.27 cents higher than drivers paid one year ago. Meanwhile, average diesel prices dropped 4.15 cents from $4.1735 during the same time period.

“The decline began in California about six weeks ago,” said survey editor Trilby Lundberg, who added that prices peaked in that state on March 9 at $4.3162 and have since dropped by nearly 15 percent to $4.1669, according to subsequent surveys.

“If crude oil does not shoot back up, we may find another price decline of 5 to 10 cents in the coming weeks,” Lundberg added.

Chicago motorists are paying the most at an average of $4.26 per regular gallon of gasoline, still nearly 19 cents cheaper than what they paid on April 6, while Tulsa, Okla., has the lowest gas prices at $3.52 per regular gallon.

via U.S. Gasoline Posts First Price Drop Since December – Petroleum – Convenience Store News.

Advertisements

About Bob Innes

Who am I and what I do best! I am a skilled Sales and Marketing team player known for performing behind the scenes miracles that increase base distribution, improve customer relationship management, exceed annual sales volume,and profitability for Consumer Packaged Goods companies. And I've been doing it for over 15 years. My successful contributions include such clients as Kraft Foods, Mars, Bumble Bee Foods, Unilever, Johnson and Johnson and SC Johnson, and JM Smuckers.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: