Gas prices down 1 cent in first decline of 2009

Associated Press - March 22, 2009 8:13 PM ET

CAMARILLO, Calif. (AP) - The Lundberg Survey of fuel prices reports that the price of gasoline decreased by a penny a gallon during the past two weeks, the first decline posted this year.
Analyst Trilby Lundberg said Sunday that the average U.S. price of regular grade gasoline is now $1.95 a gallon, down from $1.96 a gallon recorded on March 6. That's $1.31 lower than the price at this time last year.
The lowest price for gasoline in the nation was found in Cheyenne, Wyo., at $1.67 a gallon. The highest was in Honolulu at $2.36.
The average price in Los Angeles, the largest market in the country, was $2.11.

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