Gas prices down 1 cent in 1st decline of 2009

[March 23, 2009]  CAMARILLO, Calif. (AP) -- The Lundberg Survey of fuel prices reports that the price of gasoline decreased by a penny a gallon during the past two weeks, the first decline posted this year.

Analyst Trilby Lundberg said Sunday that the average U.S. price of regular grade gasoline is now $1.95 a gallon, down from $1.96 a gallon recorded on March 6. That's $1.31 lower than the price at this time last year.

The lowest price for gasoline in the nation was found in Cheyenne, Wyo., at $1.67 a gallon. The highest was in Honolulu at $2.36.

The average price in Los Angeles, the largest market in the country, was $2.11.

[Associated Press]

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