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.
WATCH LIVE: NASA/SPACEX Lanuch
Ascension Parish High School Graduation Ceremonies
Ascension Parish pumps operating in time for upcoming rain
Former NASA engineer - now a Southern University professor - eagerly awaits...
Sheriff cracking down on late-night Tannerite explosions disturbing La. neighborhood
Southern baseball players meet for unofficial practice in Port Allen
Kenan Cooper is first from West Feliciana to swim collegialety
LSU rolls out new turf in Tiger Stadium overnight
LSU Coaches dish on latest with football team
New West Feliciana football coach unsure of when he'll meet his new...