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Gas Prices Decline: Gasoline prices at the...

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From Times Staff and Wire Reports

Gas Prices Decline: Gasoline prices at the pump dropped an average of more than 5 cents nationwide over the past two weeks, reflecting lower winter demand and increased oil supplies, according to a survey. The average price for all grades of gasoline at full- and self-service stations, including taxes, was $1.2522 per gallon on Friday, according to the biweekly Lundberg Survey of more than 13,000 service stations. Oil industry analyst Trilby Lundberg said the drop was much more than occurs during the winter demand slump. It reflects an overabundance of supplies, she said.

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