U.S.
gas prices fall to lowest since May 2009: Lundberg survey
Send a link to a friend
[December 22, 2014]
By Ryan Vlastelica
NEW YORK (Reuters) - 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."
![](http://archives.lincolndailynews.com/2014/Dec/22/images/ads/current/business_directory_filler.png) U.S. crude futures have been sharply weaker of late, dropping for
four straight weeks, as well as in 11 of the past 12 weeks. Crude
prices fell 14.2 percent over the past two weeks, though they rose
5.1 percent on Friday, settling at $57.13 per barrel.
[to top of second column] |
![](http://archives.lincolndailynews.com/2014/Dec/22/images/ads/current/ldn_gives_more_lda.png)
The highest price within the survey area in 48 U.S. states was
recorded in Long Island at $2.82 per gallon, with the lowest in
Tulsa, at $2.06 per gallon.
(Reporting by Ryan Vlastelica; Editing by Diane Craft)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |