Gas prices dip slightly
The average price of self-service gasoline nationwide was $2.30 a gallon on Feb 10th, down from about $2.33 on Jan 20th.

ATLANTA (CNN) - Gasoline prices shed about 3 cents per gallon over the past three weeks, according to a survey published Sunday.

The Lundberg survey found the average price of self-serve regular was $2.30 per gallon on Feb. 10, down from about $2.33 on Jan. 20.

Playing oil stocks
Earnings could fall dramatically if rising prices lead to reduced demand -- here's a way to cope. (Full story)

"This is a lull," said publisher Trilby Lundberg. But, she said, "prices are not likely to fall much more, if at all," in the coming weeks.

News about some major OPEC nations -- particularly Iran and Nigeria -- are triggering concerns about the future of oil prices, she said.

"Iran has been the chief disturbing element among traders looking at potential risk to the supply of oil." Iranian leaders have threatened to manipulate world oil prices if the U.N. Security Council imposes sanctions amid the international dispute over Iran's nuclear activities.

Also, oil facilities in Nigeria have been struck by a string of violence and robberies in recent months.

Lundberg said U.S. demand for gasoline is on the rise, since January is "the lowest baseline consumption month" -- the time Americans drive the least.

"So even if crude oil prices did not rebound, I believe we can expect higher gasoline prices rather than a continued slide."

The slight price decline over the past three weeks followed seven weeks of rising prices at the pump. The Jan. 20 survey marked a 20-cent hike from two weeks earlier.

Lundberg said the massive snowstorm this weekend in the northeast is unlikely to impact gasoline prices. There is already "more than efficient heating oil supply," she said, so all the natural gas being used to heat homes probably will not be strong enough to have much of an effect on crude oil prices.

The survey published Sunday found the lowest cost of gasoline was in Portland, Ore., where a gallon of self-serve regular cost $2.07; the highest was in Honolulu at $2.78.

Some other prices:

--Denver, $2.17

--Cleveland, $2.19

--Atlanta, $2.20

--Houston, $2.23

--Phoenix, $2.37

--Sacramento, $2.41

--Hartford, Conn. $2.42

--Baltimore, $2.33

--Anchorage $2.30

----------------------------------------------

For more economic news, click here. Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.