By January 25, 2016 0 Comments Read More →

Gas prices plunge 14 cents over past 2 weeks

US gas prices at the lowest at $1.48 a gallon in Tulsa, Oklahoma

Gas prices

Gas prices may soon be going up again, according to an industry analyst.  Shell photo.

CAMARILLO, Calif. _ The average price of gasoline has plunged 14 cents over the past two weeks, to $1.91 a gallon.

Industry analyst Trilby Lundberg said Sunday that with the latest decline, gas prices are at the lowest point in seven years.

Lundberg says the price drop may soon end as crude costs start going up again.

The current gas price is 16 cents per gallon under its year-ago point.

In the Lower 48 states, the highest average price of regular gasoline was $2.80 per gallon in Los Angeles. The lowest was $1.48 in Tulsa, Oklahoma.

The U.S. average diesel price is $2.19 per gallon, down about 12 cents from two weeks ago.

The Canadian Press

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