Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

Price change at the pump

Monday, April 23, 2012 - 00:52

April 23 - U.S. retail gasoline prices dropped for the first time since December, according to the closely watched Lundberg survey. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

Americans are getting some breathing room when it comes to filling up at the pump. For the first time since last year, the average price of a gallon of gasoline is lower than the two weeks before. Prices dropped more than 5 cents, and are likely to drop another 5 to 10 cents, in coming weeks according to the nationwide Lundberg Survey. But while the cost to fill up is a little less lately, drivers are still paying more than they were the same time last year. Gasoline prices are tracking a slide in crude oil, which hit a peak above $108 in Mid-march and is currently trading around $102 a barrel. Conway Gittens, Reuters

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Price change at the pump

Monday, April 23, 2012 - 00:52