Gasoline at U.S. service stations fell to the lowest level in a year as refining and retail margins sank, according to Lundberg Survey Inc. The average price for regular gasoline at U.S. pumps fell 11.72 cents in the two weeks ended Dec. 21 to $3.2579 a gallon, extending its decline for nearly three consecutive months, the survey of about 2,500 stations by the Camarillo, California- based survey company showed. The average, now the lowest since Dec. 16, 2011, has declined 57.96 cents a gallon over the past 11 weeks and is 70.92 cents below the year-to-date high of $3.9671 on April 6. “This is the end of the price crash,” Trilby Lundberg, president of Lundberg Survey, said in a telephone interview yesterday, predicting U.S. pump prices may rise 5 cents to 10 cents a gallon over the next few days as refiners and gasoline retailers seek to widen margins that declined to the lowest since February and August, respectively. Read more http://www.businessweek.com/news/20...-falls-to-lowest-in-a-year-in-lundberg-survey
