Survey: Gas Prices Continue to Decline Nationally

CAMARILLO, Calif. -- A national survey of gas prices reports that Americans are paying 12 cents on average less than they were three weeks ago.

Industry analyst Trilby Lundberg said Sunday that the average for regular grade gas is $3.26 per gallon, while midgrade averages $3.48 and premium $3.64. Retail diesel averages $3.74.

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Lundberg said the price has decreased for 16 weeks, crediting lower crude oil prices.

She forecast further cuts of a dime or more, thanks to decreases in the price of crude oil and ethanol.

In the lower 48 states, San Francisco averaged the highest average price at $3.66 per gallon, while Tulsa, Oklahoma, had the lowest average at $2.93.

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TheStreet Ratings team rates EXXON MOBIL CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXXON MOBIL CORP (XOM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."

You can view the full analysis from the report here: XOM Ratings Report

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