Gasoline prices retreat; could fall more: survey

By Franklin Paul

NEW YORK (Reuters) - U.S. retail gasoline prices fell sharply in the last two weeks, just below $4 a gallon, in line with retreating crude oil markets, and prices at the pump may slide further, an industry analyst said on Sunday.

The U.S. average retail price for self-serve, regular unleaded gasoline fell to $3.9959, off nearly 12 cents in the past two weeks, according to the Lundberg nationwide survey of about 7,000 gas stations.