| NEW YORK
NEW YORK Oct 6 The average price for a gallon
of gasoline in the United States fell 13.78 cents in the last
two weeks, as refiners continued to pass on lower crude oil
prices, according to the Lundberg survey released on Sunday.
The average price of just over $3.38 per gallon was down
about 45 cents from a year ago, based on the Oct. 4 survey of
some 2,500 retail stations in the lower 48 states, and the
two-week drop of nearly 14 cents a gallon was the largest since
November 2012, said survey editor Trilby Lundberg.
Drivers should enjoy it while they can since "the price
declines might be coming to an end right now," she said.
When crude oil prices slipped substantially in early
September, it allowed refiners to cut their prices to retailers.
"But crude prices changed very little in this last two-week
period," Lundberg said. "The margins for both refiners and
retailers have both skinnied, so I doubt they'll be able to
continue their price cutting."
It would take another significant decline in crude oil
prices "to allow price decreases at the pump to continue," she
said. "I think we will not see further declines at the pump
St. Louis, Missouri, had the least expensive gasoline in the
country at $3.01 per gallon, according to the Lundberg survey,
while drivers in San Francisco--often the country's priciest
gasoline market--again paid the most, at $3.88 per gallon.