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December 4, 2009

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Prices decline, supplies rise across nation

Monday, July 16, 2001 | 11:08 a.m.

CAMARILLO, Calif. -- Gasoline prices are a quarter a gallon less than they were at their peak earlier this year, a widely quoted survey says.

The average price of gasoline, including all grades and taxes, was $1.51 Friday -- down 12.8 cents since June 22, according to the Lundberg Survey of about 8,000 gas stations nationwide.

As a result, consumers are paying 16 cents a gallon less than a year ago and 25 cents less than the peak on May 18 of $1.76.

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