Stagnito Media Convenienece Store News Convenienece Store News Single Store Owner Progressive Grocer The Gourmet Retailer Progressive Grocer Store Brands Retail Leader  
 
Aug 30, 2010

Gasoline Retail Prices Fall Again

PrintGasoline Retail Prices Fall Again  

NEW YORK -- U.S. gasoline prices have fallen more than seven cents per gallon in the past two weeks, to the lowest average since February -- and lower demand in September is expected to keep prices steady, according to a CNN report.

Quoting the latest Lundberg Survey, CNN reported the average price of self-serve regular gasoline was $2.70 per gallon, down 7.54 cents since the last survey, conducted two weeks before.

Survey publisher Trilby Lundberg told CNN gasoline prices were catching up to a decrease in crude oil prices. "Absent any upset in the price of crude, [gasoline] prices should see little change or even a small drop," Lundberg told the news organization.

With September marking the beginning of what is traditionally a time of lower gasoline consumption, street prices should remain steady if there are no large fluctuations in crude prices, she said.

The highest street prices were found in San Francisco, where the average price was $3.13 per gallon. The lowest average, $2.39, was found in St. Louis.

At the same time, The Associated Press reported consumer spending rose in July at the fastest pace in four months, helped by a jump in demand for automobiles.








Find Reports & Data

CSNews' 2011 Realities of the Aisle Consumer Study

Consumers are shopping convenience stores slightly more often than they were a year ago, but the nation’s economic doldrums continue to be a drag on spending, according to Convenience Store News’ annual consumer study – Realities of the Aisle 2011.

CSNEWS 2011 Foodservice Study

After reporting a 6.1-percent sales increase in 2010, convenience store retailers expect to generate increased sales and profits from their foodservice operations this year.

CSNews' 2011 Industry Report Study

The convenience store industry had a good year last year. The 13.5 percent total industrywide sales increase was a big improvement over the more than 20-percentage point drop in 2009.

CSNews 2011 New Products Scorecard

The success rates for new items introduced to the convenience store industry last year were down in all seven major product categories tracked in the Convenience Store News New Product Scorecard, but retailers nevertheless increased the number of new items on their shelves and increasingly relied on store associates to make consumers aware of those products.

CSNews 2011 Industry Forecast Study

Although the recession is officially over, consumers in the U.S. remain “mad as hell” and “frustrated” by the slow pace of recovery.



SUBSCRIBE TO E-NEWSLETTER SUBSCRIBE TO E-NEWSLETTER


Today's New Product


Regalware Food Service 57000 Series Coffeemakers
These stainless steel coffeemakers preserve the taste and aroma of coffee while minimizing the appearance of fingerprints and wear.
Featured Videos

Loading...
Playlist

View more


Related Videos
pie
Online Poll
» January 15, 2012
Which best describes your company's 2012 acquisition plans?
Vote / See Results
Stagnito Media
570 Lake Cook Rd, Suite 106
Deerfield IL 60015
Ph: 224-632-8200
Fax: 224-632-8266
Print / Electronic Media
Convenience Store News
CSNews for the Single Store Owner
Progressive Grocer
Progressive Grocer's Store Brands
The Gourmet Retailer
Retail Leader
Marketing Guidebook
Directory of Convenience Stores
Events
Hispanic Retail 360
Gourmet Insights Summit

Custom Media