According to Lundberg Survey, the national average price of gasoline has dropped from $3, however, just a fraction of cent. The current price is $2.9961 per gallon. The prices decreased for the first time since April. The survey was conducted by a California oil market research firm. Over the last two weeks the company has recorded an eleven cent per gallon drop. But the company rules out any further significant drop in the prices. Crude oil saw its highest price on Friday at $69.14 per barrel. Even after the increase in the gasoline supply, eleven weeks are still to go before the peak time where the alleviated demand makes the prices go high too.
As per the survey, Jackson, Mich., recorded the lowest average regular gas prices with just $2.75 per gallon and Chicago recorded the highest at $3.39 a gallon. Some other cities recorded prices as:
Los Angeles: $3.10
Detroit: $3.09
Denver: $3.09
Las Vegas: $3.05
Portland, Ore. $3.00
Boston: $2.96
Baltimore: $2.92
Atlanta: $2.92
Houston: $2.87
Source: CNN
Image credit: Tribuneindia
