×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: gasoline | energy | us

US Gasoline Down to $3.91 a Gallon, May Dip Further

Sunday, 22 May 2011 03:40 PM EDT

 The average price at the tank for a gallon of gasoline in the United States fell in the past two weeks, and should drop more as floods in the southeast curb demand and refiners and gas stations feel pressure to pass lower costs on to drivers, an industry analyst said on Sunday.

The national average price for self-serve, regular unleaded gas fell 9.24 cents on May 20 to $3.9074 per gallon, compared to $3.9998 on May 6, according to a nationwide survey of some 2,500 gas stations in larger metropolitan areas in the continental United States.

"We may well see a drop of another dime if crude oil prices allow," Trilby Lundberg, the survey's editor, told Reuters.

Refiners and retailers will be under pressure to pass on some of the savings from lower crude oil prices to motorists given the dampened demand for gasoline caused by the natural disasters and persistent U.S. underemployment, Lundberg added.

At $4.38 per gallon, Chicago had the highest average price for self-serve, regular unleaded gas, while the lowest price was $3.60 in Jackson, Mississippi.

© 2023 Thomson/Reuters. All rights reserved.


StreetTalk
The average price at the tank for a gallon of gasoline in the United States fell in the past two weeks, and should drop more as floods in the southeast curb demand and refiners and gas stations feel pressure to pass lower costs on to drivers, an industry analyst said on...
gasoline,energy,us
179
2011-40-22
Sunday, 22 May 2011 03:40 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved