Gas prices continue to drop in US

SHARE Gas prices continue to drop in US
SHARE Gas prices continue to drop in US

CAMARILLO, Calif. — The average cost of U.S. regular grade gas dropped 13 cents per gallon in the past two weeks, according to a national survey of gas prices.

Industry analyst Trilby Lundberg said Sunday the average for regular grade gas is $2.94 per gallon. Lundberg said the price has dropped 78 cents per gallon since its peak in May.

The AAA Fuel Gauge Report said regular gas in the Chicago area cost, on average, $3.15 a gallon Sunday, down 2 cents from a week ago. In the city, gas averaged $3.38 a gallon, down 6 cents in a week. A statewide, gas cost $3.02 a gallon, own 4 cents compared with a week ago.

Lundberg said the drop has been driven by a decrease in the price of crude oil. She forecasts that will come to an end now unless oil prices drop further.

In the Lower 48 states, San Francisco had the highest average price at $3.27 per gallon, while Memphis, Tennessee, had the lowest average at $2.65.

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