Gas Prices Drop As Crude Oil Supply Increases

Summary


CAMARILLO, Calif. -- An increase in the worldwide supply of crude oil contributed to dip in U.S. prices at the gas pump over the last two weeks, an industry analyst said Sunday.

Between Oct. 22 and Friday, the combined national average price for all grades of gasoline dropped to $2.04, down 2.6 cents from the previous two weeks, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations across the country.

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Gas Prices Drop As Crude Oil Supply Increases

The biggest seller, self-serve regular, had...

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