LOS ANGELES — The retail price of gasoline fell more than 1 cent per gallon nationwide due to a drop in crude oil prices, an analyst said Sunday.
Dealers were able to save money on crude oil and passed the savings along to consumers, analyst Trilby Lundberg said.
The average price of gasoline was about $1.60 per gallon on Friday, down 1.3 cents from two weeks ago, according to the Lundberg Survey of 10,000 gas stations nationwide. The national weighted average price of gasoline, including taxes, at self-serve pumps Friday was $1.55 per gallon for regular unleaded, $1.65 per gallon for mid-grade and $1.74 per gallon for premium. At full-service pumps, the average was $1.89 per gallon for regular unleaded, $1.98 per gallon for mid-grade and $2.05 per gallon for premium.