U.S. Gasoline Falls 5.39c to $2.4076/Gal in Lundberg Survey
2017-05-07 17:04:30.226 GMT
By Sarah Ponczek (Bloomberg) -- Avg price for regular gasoline at U.S. pumps
falls 5.39c to $2.4076/gal, according to Lundberg Survey Inc.
* Survey by Camarillo, Calif.-based co. conducted May 5, based
on information collected at 2,500 filling stations
* Price is 14.08c higher than same survey period a year
earlier
* Highest avg U.S. retail price: $3.02/gal in San Francisco
bay area
* Lowest avg U.S. retail price: $2.02/gal in Tulsa, Okla.
* Long Island, N.Y.: $2.47/gal
* Los Angeles: $2.95/gal
* Houston: $2.24/gal
* “Retail prices fell mostly because of substantial drops in
crude oil prices and secondarily because of bountiful
supplies of gasoline in the U.S,” Trilby Lundberg,
president of Lundberg Survey, says in phone interview
* “I’m not expecting a rise at the pump and in fact a further
drop seems more likely”
* “This year’s commonly expected pump price run up seems to
be both weak and brief”
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