Gas prices fall in past 2 weeks

The Lundberg Survey said Sunday that the pump price responded to a drop in crude oil costs

After gas prices moved higher to start the new year, the price at the pump has receded.

The average U.S. price of regular-grade gasoline has declined 4 cents a gallon to $2.60 over the past two weeks.

That brings the price back to where it was as the new year began, giving back the same 4 cents a gallon lost in the first two weeks.

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Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the pump price responded to a drop in crude oil costs.

CORONAVIRUS IS A THREAT TO OIL MARKETS

The highest average price in the nation for regular-grade gas is $3.58 per gallon in Honolulu.

The lowest average is $2.16 in Houston.

The average price of diesel is $3.05, down two cents.

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The Associated Press contributed to this article.