Energy

US gasoline prices edge down in recent weeks: Lundberg survey

The average price for a gallon of gasoline in the United States fell modestly over the past two weeks, ending a four-week advance, according to the Lundberg survey released on Sunday.

A gallon of regular-grade gasoline costs $3.26 on average across the United States, a decline of about 1.7 cents from two weeks ago, according to the survey taken on Dec. 20. The average is essentially unchanged from the $3.2579 average from the year-ago period.

"I think the decline will prove to be just a blip as there is a good chance that wholesale gas prices will creep up more than they already have, which would translate to pressure of a few cents quite soon,'' said Trilby Lundberg, publisher of the survey.

(Read more: Gas prices:Higher gasoline costs may be coming)

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Gas prices drop

U.S. crude futures rose 1.7 percent over the past two weeks, while Brent crude was up about 0.1 percent.

Long Island had the highest average price of $3.62 cents a gallon, while for the second survey in a row, driver in Tulsa, Oklahoma, paid the lowest average price of $2.84, according to the survey of major cities in the 48 continental states.

(Read more: Gas prices below $3?! Boldest predictions for 2014)

By Reuters