U.S. Gasoline Rises 0.80c to $2.2613/Gal in Lundberg Survey 2016-11-06 19:24:07.783 GMT
By Ryan Sachetta

(Bloomberg) -- Avg price for regular gasoline at U.S. pumps rises 0.80c to $2.2613/gal, according to Lundberg Survey Inc.

* Survey by Camarillo, Calif.-based co. conducted Nov. 4, based on information at 2,500 filling stations

* Highest avg U.S. retail price: $2.83/gal in Los Angeles

* Lowest avg U.S. retail price: $1.84/gal in Tulsa, Okla.

* Long Island, N.Y.: $2.34/gal

* Current price is 1.59c above this time last year

* NOTE: New Jersey raised its gasoline tax by 22.6c/gal during this period, which impacted the overall national retail avg.

* “Putting crude aside, the indication is for gasoline prices to drop because of seasonal demand and a year-over-year decline in gasoline demand,” Trilby Lundberg, president of Lundberg Survey, says in phone interview.

* On Colonial Pipeline outage: “It was not long enough in duration to make its way into the wholesale gasoline market, let alone the retail market”

 

Tel:(805)383-2400  Email:lsi@lundbergsurvey.com  Fax:(805)383-2424