Gas Slips Below $2, Lundberg Says
The national average price of regular gasoline plunged another 33 cents in the two weeks ended Friday, to $1.97 a gallon — the first time it has fallen under $2 in almost three years — according to the latest Lundberg Survey of filling stations released Sunday.
Mid-grade averaged $2.12, and premium averaged $2.24, analyst Trilby Lundberg in her filling-station survey, which is released twice a month.
The price drop coincided with plunging oil prices, which slipped below $50 a barrel for the first time in almost two years last week and have fallen about 65% since a $145.29 closing-price record set in July 3.
Gasoline topped out at a record $4.114 a gallon in the Energy Department’s weekly survey of July 7.
The highest price for self-serve regular gasoline was $2.81 in Honolulu, while the lowest was in St. Louis, at $1.61.
The Energy Department comes out with its weekly survey of diesel and gasoline pump prices Monday afternoon in Washington.
