A seasonal drop in consumption and lower crude oil prices contributed to a dip in prices at the gas pump over the past two weeks, an industry analyst said Sunday.
Between Nov. 5 and Friday, the average national price for all grades of gasoline dropped to $1.99, down 5 cents from the previous two weeks, said Trilby Lundberg, who publishes the semi-monthly Lundberg Survey of 7,000 gas stations across the country.
Prices for all grades have dropped nearly 8 cents over the past four weeks, she said.
The biggest seller, self-serve regular, had an average national price of $1.96 per gallon, down just over 5 cents. Mid-grade was $2.06 a gallon, down 5 cents, while premium was $2.16 per gallon, down 5 cents.
Of the cities surveyed, San Francisco led the nation in pump prices. The average price for a gallon of self-serve regular was $2.32. The best bargain was St. Louis, Mo., where the average price for self-serve regular was $1.67.