The price of a gallon of gas fell by 2 cents nationwide over the last two weeks, an industry analyst said Sunday.
The average weighted price for gas nationwide, including all grades and taxes, was about $1.41 a gallon, according to the Lundberg Survey of 8,000 stations.
That's down 2 cents a gallon from Nov. 22, the date of the last survey, when the average cost for a gallon of gas stood at $1.43, said analyst Trilby Lundberg, who is based in Camarillo.
The price dropped because crude oil prices remained low and gasoline supplies remained ample, Lundberg said.
"Total world oil production was more than sufficient to meet oil demand, which reduced crude oil prices," Lundberg said. "Oil prices had hit the $30-per-barrel mark some weeks ago. However, recently they have been stable at under $27 per barrel."