Camarillo, CA – A survey says the average U.S. price of a gallon of gasoline has dropped 13 cents over the past two weeks.
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The Lundberg Survey of fuel prices released Sunday puts the price of a gallon of regular at $3.42, down 13 cents from two weeks earlier and down 25 cents in the past month.
Costs have seen similar drops in midgrade, now at an average of $3.58 a gallon, and premium at $3.70.
Diesel fell seven cents to $3.85 a gallon.
Of the cities surveyed, Albuquerque, N.M., had the nation’s lowest average price for gas at $3.07, and perennial price leader San Francisco had the highest at $3.81.
In California, the lowest average price was $3.71 in Fresno. The average statewide was $3.77, down 11 cents in the two-week span.
Let’s not get too excited. This was because crude oil was down to $75 a barrel. however it’s back up to $83 a barrel so expect prices to rise back up shortly. Till we break the correlation between stock prices and crude oil we won’t fix the economy correctly. we have to get oil down and stocks up
A few years ago when oil was $80 something a barrel we paid less than $3 at the pump. The refineries have us coming and going.