U.S. Gasoline Pump Price Declines 11 Cents to $3 a Gallon, Lundberg Says

(Bloomberg) -- U.S. gasoline at the pump fell 11
cents during the past two weeks to an average $3 a gallon,
Trilby Lundberg said, citing her survey of 7,000 filling
stations nationwide.

Prices dropped as inventories of the motor fuel for the
week ended June 15 rose for a seventh consecutive week, the U.S.
Energy Department reported on June 20. Supplies were 4.2 percent
below the five-year average. Higher gasoline output by refiners
helped pare the deficit to the average from 7.5 percent in mid-
May.


Read more at Bloomberg Energy News