U.S. Gas Prices Fell Over The Past Two Weeks: Survey

Drivers Get Some Relief At The Pump
A gas station attendant pumps gas Friday, March 23, 2012, in Portland, Ore. Oil prices briefly spiked to the highest level in three weeks following a report that Iranian oil exports dropped significantly this month. Iran, the world's third-largest oil exporter, has been locked in a high-stakes standoff with the West over its nuclear program. (AP Photo/Rick Bowmer)
A gas station attendant pumps gas Friday, March 23, 2012, in Portland, Ore. Oil prices briefly spiked to the highest level in three weeks following a report that Iranian oil exports dropped significantly this month. Iran, the world's third-largest oil exporter, has been locked in a high-stakes standoff with the West over its nuclear program. (AP Photo/Rick Bowmer)

April 7 (Reuters) - The average price of a gallon of regular gasoline in the United States fell 6 cents over the past two weeks, driven by lower crude oil prices, and is down nearly 15 cents in six weeks, according to a widely followed national survey released on Sunday.

U.S. retail regular gasoline prices on April 5 averaged $3.65 per gallon, and were more than 30 cents lower than a year ago, according to the Lundberg Survey of about 2,500 gas stations across a panel of selected U.S. cities.

"It appears that with the different factors, some pulling the price up and some down, that the downs have it once again," said Trilby Lundberg, editor of the survey.

A year ago, the average price at the pumps was about $3.97 per gallon, which represented the 2012 peak price, Lundberg said.

"Crude oil prices have slipped, but we also had some refiner margin erosion. They cut prices to their marketers and retailers because they're paying less for crude oil," Lundberg said.

Of the cities included in the survey, Billings, Montana, had the lowest gas price at $3.33 a gallon, while drivers in Chicago paid the most on April 5 at $4.05 per gallon.

"It may be that retailers will pass through a bit more of the wholesale price cuts that they have been receiving from refiners and in the next couple of weeks the prices will drift down a few more pennies at the pump," Lundberg said. (Reporting by Bill Berkrot; Editing by Maureen Bavdek)

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