That brings the total decline over six weeks to 19 cents a gallon, leaving the current price $1.27 above its year-ago point, the survey said.
Trust Index: Is inflation at gas pumps & grocery stores solely the result of Russia’s invasion of Ukraine?– The national average retail price of regular-grade gasoline dropped 3 cents in the past two weeks to $4.24 a gallon, the Lundberg Survey reported Sunday.
Nationwide, the highest average price for regular-grade gasoline in the April 22 survey was $5.71 in the San Francisco Bay Area. The lowest average was $3.70 in Tulsa, Oklahoma.“Although crude oil prices rose in this period, the past few days saw them drop,” industry analyst Trilby Lundberg said. “This with a big loss of business margin by retailers allowed the average price to decline. Unless oil prices fall further, additional drops in pump prices are likely to be small or none.
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