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Gas price at record low
December 20, 1998: 7:31 p.m. ET

Adjusted for inflation, prices are lowest ever, according to Lundberg survey
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LOS ANGELES (CNN) -- Gas prices continued to fall in mid-December, showing no reaction to the air attacks against Iraq - an example of just how big the oil glut is, according to the publisher of a national gas survey.
     Trilby Lundberg, publisher of the bi-weekly Lundberg Survey of 10,000 gas stations nationwide, reported in its Dec. 18 survey that, taking inflation into account, gas prices had fallen to the lowest in history.
     The weighted average price for all grades of self and full service gasoline fell to just under $1.04 ($1.0355) per gallon, a decline of 1.12 cents per gallon over the past two weeks.
     The weighted average price for self service regular fell to 97.54 cents per gallon, a decline of 1.14 cents per gallon.
     The cheapest average price for gasoline was Tulsa, Okla., at 75.76 cents per gallon.
     The most expensive average price for gasoline remained Honolulu, Hawaii, at $1.51 per gallon. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.