December 20, 2004
Almost like a Christmas present for consumers, gasoline prices have begun falling at the pump. In her semi-monthly Lundberg Survey, industry analyst Trilby Lundberg says an increase in world oil supplies this month has put downward pressure on prices.
ver the last two weeks, the combined average national price for all grades of gasoline is down more than a dime per gallon -- to $1.86. The decline is even more dramatic since October - down $.21 a gallon.
Falling fuel prices might extend into the new year. Lundberg says the recent decline is part of an overall trend, a trend she expects to continue.
While lower fuel prices have a lot of consumers smiling, those who remember what they paid a year ago are likely to respond, "bah, humbug!" Lundbereg says the nationwide average price of gasoline at this time last year was $1.48.
