Tuesday, December 11, 2012

Gas prices crash? Prices drop 10 cents in three weeks.

Gas prices crash? The average price of gasoline in the US has dropped 10 cents in the past three weeks, and it may be going lower.?

By The Associated Press / December 10, 2012

Gas prices are displayed last month in Montpelier, Vt. A gas prices crash may be looming. Prices have droppen 10 cents per gallon on average and are expected to keep falling.

Toby Talbot/AP/File

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The average U.S.?price?of a gallon of gasoline has dropped ten cents over the past three weeks.

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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.

In California, the lowest average?price?was $3.42 in Stockton and the highest was $3.73 in Bakersfield. The average statewide for a gallon of regular was $3.52, down a dime.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/PcAmIgQdFk0/Gas-prices-crash-Prices-drop-10-cents-in-three-weeks

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