A national survey reveals the average price of regular gasoline has plunged another 12 cents a gallon over the past two weeks, to $2.72.
Industry analyst Trilby Lundberg said Sunday that the decline continues a nationwide trend.
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 $3.04 a gallon. The lowest was in Albuquerque at $2.38 a gallon.
California’s lowest average was in Sacramento, $2.80 a gallon.
The average price for midgrade gas in the U.S. is $2.96. For premium it’s $3.12.
(AP)
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2 Responses
Bad news if you live in Texas, North Dakota, or Alaska.
Good news for the rest of us.
Shouldn’t the cost of nearly everything be plummeting? Especially air fares which seem to “sky rocket” as soon as gas increases in price. But prices are not!