CAMARILLO, Calif. — Retail gas prices slid more than 10 cents per gallon over the past two weeks, the biggest drop in two years, an analyst said Sunday.
The average price for a gallon of self-serve gas nationwide, including all grades and taxes, was about $1.65 on Friday, according to the Lundberg Survey of 8,000 stations.
That was a decrease of 10.23 cents per gallon since the last Lundberg Survey was taken Sept. 12.
Analyst Trilby Lundberg said the drop was largely driven by an increase in supplies following shortages in August, when electricity blackouts shut down several refineries and a West Coast pipeline rupture halted gasoline deliveries to Phoenix.
Gas prices edged up last month and peaked Sept. 12 at about $1.75, she said.