Gas prices continue to fall, although pace has slowed
An industry analyst says the average gasoline price nationwide for all grades dropped less than two cents in three weeks.
Trilby Lundberg says that continues a slide in pump prices that began in April. The Lundberg Survey finds the average retail price for all three grades dropped one-point-65 cents to two dollars, 16 cents per gallon between May 20th to Friday.
The most popular grade, self-serve regular, was priced at two dollars, 13 cents a gallon. The average price for all grades nationwide has dropped 16 cents since April eighth, although it is still 12 cents higher than the same time last year. Lundberg says she expects prices to continue to drop, although the pace has slowed because of rising demand for diesel fuel as the economy recovers.