March 24 The average price for a gallon of
regular gasoline in the United States slipped 3.2 cents in the
past two weeks, putting the decline over the past month at
nearly 9 cents, according to a widely followed survey released
Gasoline prices averaged $3.7074 per gallon on March 22,
down from $3.7394 per gallon on March 8, which was the first
decline of the year, according to Trilby Lundberg, editor of the
Over the past four weeks, prices have fallen 8.76 cents. In
the nine weeks through Feb. 22, retail gasoline prices rose more
than 53 cents.
The recent decline reflects lower Brent crude oil prices as
well as the completion of various maintenance and repair
projects by refiners.
"Some of the big projects were taking place in California
and,... in these two weeks, the average retail price in
California dropped 12 cents," Lundberg said, noting that
California's average price, at $4.03, is still above the
According to Lundberg's survey, which canvases about 2,500
gas stations, the U.S. city with the most expensive gasoline was
Chicago, where a gallon cost $4.10. Billings, Montana, had the
least expensive gasoline, at $3.33 a gallon.
Brent May crude lost $2.16 a barrel last week, with
financial problems in Cyprus reviving worries about the outlook
for petroleum demand in Europe.
Lundberg said the current average gasoline price in the
survey is 22.23 cents lower than the year-ago price.
"The current price is encouraging as a form of discount to
the consumer," she said.
(Reporting by Caroline Valetkevitch; Editing by Marguerita