Gas prices fall below $2.50 a gallon
Nationwide average declined nearly 5 cents over the past two weeks, survey says.
(CNN) -- Prices at the pump fell more than four cents over the past two weeks, continuing a downward slide despite a rise in crude oil prices, according to a survey published Sunday.
The average price of a gallon of self-serve regular was $2.48 as of October 9, a decrease of 4.52 cents over the past two weeks, the Lundberg Survey found.
Crude oil prices rose during the same two-week period, said publisher Trilby Lundberg, but refiners and retailers lost profit margin so the hike did not translate to higher prices.
"Both refiners and retailers have had a very tough time in the economy," she said, adding that "there's been a long period of deteriorating business" for refiners.
The United States is entering a lower season for gasoline demand, which will drop even further next month when Daylight Savings Time ends, Lundberg said. "When there's fewer daylight hours, people drive less."
"Absent a supply problem, probably we will see continuing price declines on the street," she said.
The highest average price was in Anchorage, Alaska, at $3.23 per gallon, she said. The lowest was in Cheyenne, Wyoming, at $2.16.
Here are the prices in some other cities:
- Honolulu, Hawaii - $3.16
- San Francisco, California - $3.09
- Houston, Texas - $2.23
- Atlanta, Georgia - $2.29
- Detroit, Michigan - $2.44
- Providence, Rhode Island - $2.51
- Salt Lake City, Utah - $2.58
- Los Angeles, California - $3.00
- Miami, Florida - $2.43