“Crude oil price slippage again has pulled gasoline prices down, but we are coming to the end of this downhill ride,” Lundberg said in a telephone interview yesterday.
The highest price for gasoline in the lower 48 states among the markets surveyed was in San Francisco, at $3.27 a gallon, Lundberg said. The lowest price was in Memphis, Tennessee, where customers paid an average of $2.65 a gallon. Regular gasoline averaged $3.21 a gallon on Long Island, New York, and $3.20 in Los Angeles.
West Texas Intermediate crude, the U.S. benchmark priced in Cushing, Oklahoma, declined $2.36, or 2.9%, to $78.65 a barrel on the New York Mercantile Exchange in the two weeks to Nov. 7.
Source: Transport Topics