U.S. Gas Prices Fall 12 Cents Per Gallon: Survey - NBC Bay Area
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U.S. Gas Prices Fall 12 Cents Per Gallon: Survey

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    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 that the decline continues a nationwide 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 48 states was found in San Francisco at $3.04 a gallon. The lowest was in Albuquerque at $2.38 a gallon.

    "We may see a few more pennies drop before Christmas," the survey's publisher Trilby Lundberg said, according to Reuters. "All this presupposes that crude oil prices don't bounce up significantly in the near future."

    The average price for midgrade gas in the U.S. is $2.96. For premium it's $3.12.