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FinancialAdvisor

11/06/05 8:37 PM

#12897 RE: FinancialAdvisor #12835

Gas Prices Return to Pre-Katrina Levels

*In other news, is anyone paying attention to diesel gas prices? They seem to be fairly high still across the country, historically, I never remember diesel gas being more pricy than premium... but it is currently and by a wide & noticable margin!...

Gas Prices Return to Pre-Katrina Levels
Sunday November 6, 7:31 pm ET
Gas Prices Drop an Average of 23 Cents, Marking a Return to Pre-Hurricane Katrina Levels

CAMARILLO, Calif. (AP) -- Retail gas prices plunged an average of 23 cents nationwide in the past two weeks, marking a return to pre-Hurricane Katrina levels, according to a survey.

The weighted average price for all three grades declined to $2.45 a gallon on Friday, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country.

Self-serve regular averaged $2.43 a gallon nationwide. The price for midgrade was $2.53, while premium-grade hit $2.63.

The average pump price for all three grades on Aug. 29, the day Katrina made landfall on the Gulf Coast, was $2.65, according to the survey.

The lowest average price in the nation for regular unleaded among the stations surveyed was $2.06 a gallon in Tulsa, Okla. The highest was $2.74 in Miami.

Lundberg Survey: http://www.lundbergsurvey.com


LINK: http://biz.yahoo.com/ap/051106/gas_prices.html?.v=6