Gas Prices at a 9 Month Low, Expected to Plateau

Decline in gas prices has cost for regular gasoline in the United States at its lowest point in 9 months. The price of regular gasoline has decreased by 2.01 cents to $3.3628 in the last 2 weeks according to the most recent Lundberg survey.

The decrease in gas prices is a result of a number of factors, including decreasing crude oil prices and a slow in demand for fuel and oil supplies.

While gas prices continue to fall, the rate of the price decrease has been slowing, hinting at an end to the price decline. Retail gas prices should be expected to plateau.

Lundberg Survey president Trilby Lundberg told Bloomberg in a phone interview, “It would take another substantial downturn in crude oil for the retail gasoline price decline to continue.”

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