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Average US gasoline price falls 4 cents: Lundberg

A customer prepares to pump gasoline at an Arco gas station in Mill Valley, Calif.
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A customer prepares to pump gasoline at an Arco gas station in Mill Valley, Calif.

The average price of a gallon of regular-grade gasoline in the United States has fallen 4 cents over the past two weeks, according to a Lundberg survey released on Sunday.

Regular-grade gasoline fell to $2.10 per gallon in the survey conducted on Friday. The price was the lowest since late January when gas prices were at 2.07 a gallon, the report said.

Within the nationwide survey, regional results were mixed, with some areas seeing slight increases in the price of gasoline, survey publisher Trilby Lundberg said in an interview.


Lundberg added that results from survey respondents that were both above and below the results of the last survey two weeks ago may indicate the formation of price support level for gasoline. Lundberg said fluctuations in the price of crude oil could change gasoline prices going forward.

Oil prices fell on Friday after news that the Organization of the Petroleum Exporting Countries was planning to maintain its production near record highs despite depressed prices, as OPEC continued to guard its share of an oversupplied market.

In the Lundberg panel of large cities in 48 states, the low average retail price was Baton Rouge, Louisiana, at $1.77 per gallon, and the high was Los Angeles, at $2.73 a gallon.