Dive Summary:
- The U.S. gasoline prices will remain in a short term decline following the reports that suggest a leveling of the domestic economy.
- According to motor group AAA, consumers are currently paying roughly 34 cents per gallon less than this time in 2012, down from the seasonal high.
- According to a Lundberg Survey, the price of gasoline for retail stations fell more than six cents in the last two weeks.
From the article:
"Refiners are passing through the lower oil prices that they have been paying in the form of lower gasoline prices," Trilby Lundberg, president of Lundberg Survey, told Bloomberg. "Even if crude oil prices don't decline much from here, we could see some further down drift in gasoline as retailers give up some of their margin."