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Gas prices drop 7 cents in two weeks

Gas prices drop to an average $3.47 a gallon nationally. Memphis, Tenn., has seen gas prices drop to $3.04 for a gallon of regular unleaded, the lowest of any city in the?Lundberg Survey of the Lower 48 states.

By Associated Press / November 19, 2012

In this October file photo, lower fuel prices are advertised at a North Little Rock, Ark., gas station. Nationally, gas prices drop seven cents over the past two weeks, according to a new survey.

Danny Johnston/AP/File

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The average U.S.?price?of a gallon of gasoline has dropped 7 cents over the past two 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 $3.47.

Midgrade costs an average of $3.65 a gallon, and premium is $3.78.

Diesel dipped 4 cents to $4.04 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 $4.18.

In California, the lowest average?price?was $3.59 in Sacramento and the highest was $3.83 in Bakersfield. The average statewide for a gallon of regular was $3.77, down 21 cents.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/ild5MtlQNdc/Gas-prices-drop-7-cents-in-two-weeks

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