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ASSOCIATED PRESS
A national survey of gas prices reports that the average cost of U.S. regular grade gas dropped 18 cents per gallon in the last two weeks.
CAMARILLO, Calif. >> A national survey reveals the average price of regular gasoline has plunged another 10 cents a gallon over the past two weeks, to $2.84.
Industry analyst Trilby Lundberg said Sunday the decline continues a trend that has seen prices in the U.S. fall by 88 cents since May.
Lundberg says lower crude oil prices are continuing to drive prices down, along with an abundant oil supply and the rising value of the U.S. dollar.
The highest priced gas in the Lower 48 states was found in San Francisco at $3.14 a gallon. The lowest was in Albuquerque at $2.47 a gallon.
California’s lowest average was in Stockton, $2.94 a gallon.
The average price for midgrade gas in the U.S. is $3.08. For premium it’s $3.24.
