CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Gasoline prices decline

The average per-gallon price fell 4 cents the last two weeks, but higher pump prices could be on the way.


(CNN) -- Gas prices fell four cents over the last two weeks, to a national average of $2.75 for a gallon of self-serve regular, according to a survey published Sunday.

The bad news: that price is still 47 cents higher than it was a year ago, the Lundberg Survey found. And according to publisher Trilby Lundberg, the recent modest price slide "is not a trend for the future."

Recent increases in wholesale prices for crude oil are expected to spell higher gasoline prices. And gasoline supply is tightening, as refineries shut down some capacity to make seasonal changes aimed at ensuring they'll have enough heating oil in the winter months ahead, Trilby Lundberg said.

While overall prices dropped in the two weeks preceding the survey of thousands of gasoline stations on Friday, the drop was not even across the country. East Coast prices showed virtually no change on average, while in the West, prices on average went up, Lundberg said.

The lowest average price of a gallon of self-serve regular was in Newark, N.J., at $2.52, the survey found. The highest was in Honolulu, at $3.09. Top of page

Sponsors
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.