Monday, June 20, 2016 | 2 a.m.
CAMARILLO, Calif. — The average price of gasoline has leveled off to $2.37 for a gallon of regular unleaded.
Industry analyst Trilby Lundberg said Sunday that the price dropped nearly a penny since peaking two weeks ago. The slight decline came after nearly three months of rising prices.
Lundberg said the price of crude, ample supplies and a strong refining capacity will probably lead to further price declines at the pump.
The Lundberg Survey found the average price of midgrade unleaded was $2.63 a gallon and $2.85 for premium.
The highest average price for regular gasoline in the Lower 48 was $2.90 a gallon in the San Francisco Bay Area. The lowest was $1.99 in Tulsa, Okla.
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