Falling Oil Prices Could Lower Weekly Average
Gasolineâ€™s national average price rose by almost a nickel in the past two weeks to $2.87 a gallon, according to the latest Lundberg Survey of filling stations.
That price was slightly lower than last weekâ€™s Department of Energy weekly survey, which showed a $2.892 average. (Click here for previous story.)
Mid-grade and premium each rose 4 cents, to $3.01 and $3.12 per gallon, respectively, according to the twice-monthly survey that was released Sunday.
Among cities surveyed, San Francisco had the highest regular-grade average at $3.20 gallon, while Denver was the lowest, at $2.63.
Oil prices fell more than $6 from Nov. 10 through Friday, when crude futures closed at $81.51 a barrel on the New York Mercantile Exchange, Bloomberg figures showed.
That could lower retail pump prices in this weekâ€™s Department of Energy weekly survey, to be released Monday afternoon in Washington.
Dieselâ€™s U.S. retail average hit a two-year high last week, posting a 6.8-cent gain to $3.184 a gallon. (Click here for previous story.)
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Oil Rises to Two-Week High Over $85 (11/29/2010 9:00:00 AM)
Diesel Average Declines 1.3Â¢ from Two-Year High to $3.171 (11/29/2010 1:15:00 AM)
Diesel Falls From 2-Year High, Dropping 1.3Â¢ to $3.171 a Gallon (11/23/2010 8:10:00 AM)
Gasoline Gains a Nickel to $2.87 a Gallon (11/22/2010 10:00:00 AM)
Diesel Hits Two-Year High (11/22/2010 1:05:00 AM)
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