Analyst: Gas prices dip to US average of $2.20 per gallon
CAMARILLO, Calif. - The average price of regular grade gasoline has fallen nationally to $2.20 per gallon, a drop of 6 cents over the past two weeks.
Industry analyst Trilby Lundberg updated the figures Sunday, predicting that prices would continue inching down unless a meeting of oil-producing nations later this month culminates in "a credible agreement to freeze or reduce" production.
A seasonal weakness in demand was one reason behind the early-November decline. Lundberg cited another influence: With autumn maintenance projects wrapping up, U.S. refiners are increasing supplies.
Those factors combined to create the drop in average prices, despite a small rise in crude oil prices.
Gas in San Diego was most expensive in the continental U.S., at $2.73 on average. The low average was in Tulsa, Oklahoma, at $1.78 per gallon.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
LSU freshman with cancer flips coin at Saturday's game
LSU Parade Ground appears empty amid temporary tailgate restrictions
Greek Life imposes new tailgating guidelines in wake of student death
Video of Baker High fight sparks outrage among parents
LeBlanc's Boudin a total loss after fire