Retail Gas prices fall despite recent rise in crude oil

April 13, 2015 1:13 AM

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Retail Gas prices fall despite recent rise in crude oil

The retail gasoline prices declined by 5 cents on an average for the week ended April 10. The refineries are currently holding massive inventory and despite rise in crude oil prices, the retail gas prices have remained low across the United States.

In the Lundberg Survey, the data collected from 2,500 filling stations has indicated that the gas prices are on an average $1.16 lower compared to the same period last year. The lower gas prices have reduced the energy bills for millions of Americans.

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