April 23 - U.S. retail gasoline prices dropped for the first time since December, according to the closely watched Lundberg survey. Conway G. Gittens reports.
Americans are getting some breathing room when it comes to filling up at the pump. For the first time since last year, the average price of a gallon of gasoline is lower than the two weeks before. Prices dropped more than 5 cents, and are likely to drop another 5 to 10 cents, in coming weeks according to the nationwide Lundberg Survey. But while the cost to fill up is a little less lately, drivers are still paying more than they were the same time last year. Gasoline prices are tracking a slide in crude oil, which hit a peak above $108 in Mid-march and is currently trading around $102 a barrel. Conway Gittens, Reuters