U.S. gas prices fall to lowest since May 2009: Lundberg survey
Source: Reuters
BY RYAN VLASTELICA
The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday.
Prices for regular-grade gasoline fell to $2.47 a gallon in the survey dated Dec. 19, down 25 cents since the previous survey on Dec. 5.
The recent drop has taken prices down more than $1.25 a gallon since a recent peak in May of this year.
"This is mostly driven by crude oil prices, and absent a sudden spike we very well may see a drop of a few pennies more," said the survey's publisher, Trilby Lundberg. "That said, demand is up at these low prices."
FULL story at link.
Read more: http://www.reuters.com/article/2014/12/21/us-usa-gasprices-idUSKBN0JZ0OU20141221
William769
(55,124 posts)And we are in our High Season!
Bigredhunk
(1,346 posts)Every time I fill up somewhere, I go to another town and see it a dime cheaper. It's unreal how it keeps dropping. .05 or .10 every time I leave the house. I actually like prices a little higher to discourage wasteful driving. It's nice for those without disposable income though.
Comrade Grumpy
(13,184 posts)It was over $4 for a good while.
BumRushDaShow
(127,317 posts)The stations have been loathe to drop the prices but are always quick to shoot them up.