Gas prices drop 7 cents over past 2 weeks

Gas prices drop 7 cents over past 2 weeks

Credit: AP

Gasoline pump prices are shown at a gas station Monday, May 2, 2011, in Portland, Ore. The AAA auto club reports the average price of a gallon of gas in Oregon is $3.95. That's the same as the national average and up 7 cents in a week, 18 cents in a month and 98 cents in a year. (AP Photo/Rick Bowmer)

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by Associated Press

WCNC.com

Posted on November 19, 2012 at 6:33 AM

CAMARILLO, Calif. (AP) -- The average U.S. price of a gallon of gasoline has dropped 7 cents over the past two weeks.  

That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.47.  

Midgrade costs an average of $3.65 a gallon, and premium is $3.78.  

Diesel dipped 4 cents to $4.04 a gallon.  

Of the cities surveyed in the lower 48 states, Memphis, Tenn., has the nation's lowest average price for gas at $3.04. Long Island, N.Y., has the highest at $4.18.  

In California, the lowest average price was $3.59 in Sacramento and the highest was $3.83 in Bakersfield. The average statewide for a gallon of regular was $3.77, down 21 cents.
 

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