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Gas prices down again
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February 7, 1999: 10:55 p.m. ET
Weak oil market, oversupply of crude, economic turmoil still pressure prices
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LOS ANGELES (CNN) - A weak oil market pushed gas prices down almost a penny per gallon, according to the Lundberg gasoline survey.
The bi-weekly survey of 10,000 gas stations across the United States showed that the average price of all grades of gasoline was down .94 cents from two weeks ago to just over $1.01 ($1.01.41) per gallon.
Self-serve regular was down a penny to 95.26 cents per gallon.
The oversupply of crude and refined oil products, as well as economic turmoil in Asia, Russia and Latin America has led to the low prices at the pump.
Publisher Trilby Lundberg says drivers shouldn't worry about gasoline prices rising anytime in the near future.
"The oil glut is still working its way to the street. The bigger picture does not suggest higher prices soon. In fact, the price crash may not be over," she said.
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