Business News

Gas prices drop 10 cents over past 3 weeks

Posted: 12/09/12 at 9:00 pm
Tags: gas prices  

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

That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.38.

Midgrade costs an average of $3.55 a gallon, and premium is $3.69.

Diesel dipped two cents to $4.02 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 $3.85.

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