Gasoline Retails Stay Steady

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Gasoline Retails Stay Steady

NEW YORK – The average U.S. price for a gallon of gasoline remained steady—rising less than a penny—for the last two weeks, according to a Reuters report.

The nationwide Lundberg survey of approximately 5,000 gas stations revealed the average national price for self-serve, regular, unleaded gasoline was $2.0549 per gallon as of April 24, up slightly from the April 10 average of $2.0481, Reuters reported.

The average price is $1.42 below year-ago levels. The all-time high set on July 11, 2008, was $4.1124 a gallon.

"The economic crunch has so far trumped significant oil price rises that some producers have sorely wanted to see," survey editor Trilby Lundberg told Reuters. "And certainly the bad economy has prevented gasoline price rises of the type seen last year."

Gas prices are now expected to remain low, compared to prices hit during last year's summer driving season. "We will be lagging those levels unless there should be a supply emergency," Lundberg told Reuters.

The lowest price per gallon was in Phoenix at $1.80. Anchorage recorded the highest retail at $2.45 per gallon.

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