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Reply #5: Gas tumbles, but don't get used to it [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-09-06 05:41 AM
Response to Reply #2
5. Gas tumbles, but don't get used to it
Lundberg Survey: Pump prices fall nearly 15 cents a gallon, but colder weather will drive them back up.

ATLANTA (CNN) -- Gas prices declined an average of nearly 15 cents a gallon in the last two weeks, but are expected to begin rising as the winter approaches, the publisher of the national Lundberg Survey said Sunday.

The national average for a gallon of self-service, regular gasoline was $2.28 on the Oct. 6 survey date, compared to $2.42 two weeks earlier - a decline of about 14 cents, Lundberg told CNN.

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As a result of fewer supplies, wholesalers already have begun to pay more for gasoline they distribute to the retailers they serve, she said. She noted that some refineries are still making repairs from last year's devastating Gulf Coast hurricanes. In addition, imports won't be as plentiful, Lundberg said.

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