Survey: US gas prices fall 12 cents per gallon

Dec 7, 2014 2:17 PM by News Staff

CAMARILLO, Calif. (AP) - 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 the decline continues a nationwide downward 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.

Copyright 2014 The Associated Press. All rights reserved.


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