May 20th, 2012
03:49 PM ET

Gas prices down 18 cents since April, survey finds

.S. gasoline prices have dipped another 6 cents due to a continuing skid in crude oil, a new survey finds, with more declines seen on the horizon.

The average price of regular gasoline dropped to just over $3.78 per gallon over the past two weeks, according to the latest Lundberg Survey. That's down more than 12 cents from a year ago and more than 18 cents below its April 6 peak, survey publisher Trilby Lundberg told CNN.

"The cause is continued erosion of crude-oil prices," Lundberg said. With crude oil currently trading at about $91 a barrel, down 11% in a month, "We will see another 5-10 cents in the coming weeks," she said.

Lundberg's California-based company samples prices in about 2,500 filling stations across the continental United States. The latest, conducted Friday, found prices were still hight in the Western states - "but those prices are just trembling on a precipice," she said.

"We can see wholesale prices have been crashing here, and they are about to hit the street," she said.

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Filed under: Travel • U.S.
soundoff (36 Responses)
  1. dazzle ©

    Chrissy, well you got me on that one. Good twisted sista!

    May 20, 2012 at 9:22 pm | Report abuse | Reply
  2. Portland tony

    OMG...Now I can afford to put air in my tires with a fill up!

    May 20, 2012 at 9:28 pm | Report abuse | Reply
  3. chrissy

    Lmfao @ dazzle, i have a funny bone too, ya know! To be honest i wasnt even sure if it would post.

    May 20, 2012 at 9:30 pm | Report abuse | Reply
  4. chrissy

    lol @ portland tony, dont you really think air should be free anyway??? Honestly!

    May 20, 2012 at 9:32 pm | Report abuse | Reply
    • Portland tony

      Used to be, but now a buck will get you about 3 minutes of air or water.

      May 20, 2012 at 9:59 pm | Report abuse |
  5. dazzle ©

    Chrissy, are you sure about that. You are cracking me up. I am in the car with 3 old friends from grade school. Two are zonked out in the back, the driver is fighting with her husband on her mobile and I'm laughing I keep hearing dazzle you are crazy laughing at nothing.They should only know. This is going to be a long drive to the ocean.

    May 20, 2012 at 9:50 pm | Report abuse | Reply
  6. chrissy

    lmao i know in new york youre not sposed to drive and talk on your cell. Tell her be careful. And yea im sure. It was his version of being polite, such as it was. NOT! lol coulda been worse tho eh?

    May 20, 2012 at 9:57 pm | Report abuse | Reply
  7. chrissy

    And bobcat, WHAT repubicans are you talking about from 2 years ago??

    May 20, 2012 at 10:01 pm | Report abuse | Reply
  8. chrissy

    @ portland tony, i know, just strikes me odd that you would have to pay for air! Next thing you know you will be paying to use their bathrooms.

    May 20, 2012 at 10:04 pm | Report abuse | Reply
  9. TvNyC

    Seems like the world peace may happen afterall. I do believe that the world may have some peace in their mind if your trying to be a good individual, you know have morals. Peace will happen, but that doesn't include natural disasters caused from unnatural chemical reaction. Infinite lifeline. The end.

    May 20, 2012 at 11:57 pm | Report abuse | Reply
  10. roadwarrior

    you and dim witted friends should get a life thank god made so many stupid people like you and your friends post you stupid comments it makes all of us lol

    May 21, 2012 at 9:34 am | Report abuse | Reply
  11. NOT BANASY

    ^ ^
    Even banasy isn't THAT crazy about BO!!

    May 21, 2012 at 10:34 am | Report abuse | Reply
  12. Pete

    This also is the result of deregulation on wall street during the Bush debacles.If commodity firms were held to accepting deliveries of their futures transactions instead of only holding notes of their purchases with only paying a small percentage,they'd be more hesitant in their actions to manipulate as they would be taking full ownership of said futures ,and even though they are most certainly only the middleman in this gran scheme of making the big bucks,its probably not their money they're gambling with at all....

    May 21, 2012 at 10:50 am | Report abuse | Reply
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