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CAMARILLO – Gasoline prices edged down a fraction of a cent over the past two weeks, despite tensions in oil-producing regions like the Middle East and South America, an analyst said Sunday. 

Friday’s weighted price per gallon for all grades and taxes was about $1.46, down just over half a cent from two weeks earlier, according to the Lundberg survey of 8,000 gas stations nationwide. 

The decrease — the first since Feb. 8 — could be a sign that gasoline prices, which generally spike during the summer months, may have peaked, said analyst Trilby Lundberg. 

“At the very least the gasoline price hikes have been stalled,” Lundberg said. “And this is despite dramatic headlines out of two key oil producing countries — Iraq and Venezuela.” 

Iraq has threatened to cut off oil shipments for a month to protest the Israeli military action in the West Bank. Venezuela’s president, Hugo Chavez, survived a military coup attempt that lasted just one weekend.