Gasoline Prices Fall to Lowest Since February
Gasoline prices at U.S. pumps, already at a seven-month low, may extend their decline amid falling crude costs that are spurring oil refineries to increase production of the road fuel, according to Lundberg Survey Inc.
The average price of regular gasoline slid 8.9 cents in the two weeks ended Sept. 19 to $3.374 a gallon, the lowest since Feb. 7, according to the survey, which is based on information obtained at about 2,500 filling stations. Prices are 14.66 cents lower than a year ago and may drop by a few more cents, the Camarillo, California-based researcher said.
“In this period, oil prices did migrate a little further South,” Trilby Lundberg, the president of Lundberg Survey, said in a telephone interview. “Plus, U.S. refiners slashed their wholesale gasoline prices and were aided
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