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.

Continue Reading Below

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.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

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.

CLICK HERE TO READ MORE ON FOX BUSINESS

The Associated Press contributed to this article.