U.S. Gasoline Rises 5.83c to $2.2580/Gal in Lundberg Survey 2016-12-18 18:38:07.696 GMT
By Ryan Sachetta

(Bloomberg) -- Avg price for regular gasoline at U.S. pumps rises 5.83c to $2.2580/gal, according to Lundberg Survey Inc.

* Survey by Camarillo, Calif.-based co. conducted Dec. 16, based on information collected at ~2,500 filling stations

* Highest avg U.S. retail price: $2.68/gal in San Diego

* Lowest avg U.S. retail price: $1.99/gal in El Paso, Texas

* Long Island, N.Y.: $2.37/gal

* Current price is +19.58c compared with this time last year

* “A couple cents of this hike comes from small improvements in business margins for U.S. refiners and retailers, which have been historically skinny,” Trilby Lundberg, president of Lundberg Survey, says in phone interview. “The world oil market does not apparently see the OPEC agreement as having a dramatic effect on world crude supply.”

* 2016 avg retail price is $2.1574/gal

* -31c/gal compared with 2015 ($2.4668/gal)

* -$1.21/gal compared with 2014 ($3.3721/gal)

 

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