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Survey: US gas prices down 3 1/2 cents per gallon

By Associated Press

POSTED:
LAST UPDATED: 12:58 p.m. HST, May 18, 2014


CAMARILLO, Calif. >> The average price of a gallon of regular gasoline in the U.S. has dropped 3 1/2 cents over the past two weeks.

Industry analyst Trilby Lundberg said Sunday that the price fell to $3.69 because supplies are meeting demand. She predicts prices will continue to drop but at a moderate pace as crude oil prices remain relatively strong.

Lundberg says the decrease comes after gas prices had climbed nearly 43 cents per gallon between Feb. 7 and May 2.

Of the cities surveyed in the Lower 48 states, Albuquerque, New Mexico, had the lowest price at $3.32 per gallon, and San Francisco had the highest at $4.17.






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