Gas prices fall again, but industry analyst warns it won’t last

SHARE Gas prices fall again, but industry analyst warns it won’t last
GAS_PRICES_TWO_DOLLAR_GASOLINE_51468589.jpg

For the first time since 2009, most Americans are paying less than $2 a gallon. | AP Photo/Julio Cortez

CAMARILLO, Calif. — The average price of a regular gallon of gas dropped 13 cents in the past two weeks to $2.07, but it could soon rise.

Industry analyst Trilby Lundberg said Sunday that the lowest prices in more than five years are likely to increase because of rising wholesale prices.

Lundberg says rising costs of crude oil the past 10 days should eventually be seen at the pump.

San Francisco continued to have the highest-priced gas in the Lower 48 states at $2.54 a gallon. Albuquerque, New Mexico, remained lowest at $1.73 a gallon.

Lundberg says prices at the pump are $1.24 lower than this time last year.

The average price in California was $2.43 a gallon.

The average national price for midgrade gas is $2.31. For premium, it’s $2.47.

The Latest
As a photographer for the Associated Press, Gene Herrick photographed the Rev. Martin Luther King Jr., Rosa Parks and the men accused of killing Emmett Till. He also covered Major League Baseball, Elvis Presley and five U.S. presidents.
A 49-year-old man was in the 2800 block of North Cannon Avenue when a man walked up to him with a gun. The victim grabbed the gun and it went off, wounding him in the torso, police say.
A 46-year-old motorcyclist was traveling north in the 5500 block of South Pulaski Road when a woman in a Chevy SUV turned left and collided with the man, police said. He died at a hospital, authorities say.