Gasoline price slide continuesMarch 23, 1997
Web posted at: 10:40 p.m. EST
LOS ANGELES (CNN) -- Continuing a downward trend that began more than two months ago, gasoline prices fell 0.27 cents a gallon nationally over the past two weeks.
The overall price nationally for all grades of gasoline, sold both at full-service and self-serve pumps, was an average 128.09 cents a gallon, according to the Lundberg survey of 10,000 gas stations taken March 21. That's down nearly one-third of a penny from two weeks ago when the last survey was done, on March 7.
The decline marks the continuation of a drop that began in mid-January. The average price has dropped just over two-and-a-half cents since then.
The main reason for that decline has been "gently falling" crude oil prices. Despite the decline, gas prices overall are still about three-and-a-half cents higher than they were a year ago.
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