Common US gasoline value drops 3 cents to $4.24 a gallon

The Lundberg Survey says the nationwide common retail value of regular-grade gasoline dropped 3 cents up to now two weeks to $4.24 a gallon

CAMARILLO, Calif. — The nationwide common retail value of regular-grade gasoline dropped 3 cents up to now two weeks to $4.24 a gallon, the Lundberg Survey reported Sunday.

That brings the full decline over six weeks to 19 cents a gallon, leaving the present value $1.27 above its year-ago level, the survey mentioned.

Mid-grade gasoline averaged $4.57 a gallon and premium averaged $4.83.

Nationwide, the best common value for regular-grade gasoline within the April 22 survey was $5.71 within the San Francisco Bay Space. The bottom common was $3.70 in Tulsa, Oklahoma.

Lundberg surveys a nationwide panel of markets twice month-to-month.

“Though crude oil costs rose on this interval, the previous few days noticed them drop,” trade analyst Trilby Lundberg mentioned. “This with a giant lack of enterprise margin by retailers allowed the typical value to say no. Except oil costs fall additional, further drops in pump costs are prone to be small or none.”

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