US gas prices fall to lowest in more than six years: survey
[NEW YORK] US gasoline prices dropped by 4 cents to US$2.06 a gallon on average in the past two weeks to the lowest in more than six years, according to a Lundberg survey released on Sunday.
The price, for regular grade as of Friday, was the lowest since US$2.05 in April 2009 as oil prices continued to slide, survey publisher Trilby Lundberg said.
US crude prices have dropped 17 per cent in December.
Gas prices have averaged US$2.48 this year, down from US$3.37 last year, according to the survey of about 2,500 US filling stations.
Of the cities polled, Tulsa had the lowest average retail price at US$1.72, and Los Angeles had the highest at US$2.71.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns