Gas prices nationally drop 15 cents in 2 weeks

[August 25, 2008]  CAMARILLO, Calif. (AP) -- A national survey shows gas prices have dropped 15 cents a gallon in the last two weeks.

The average price of a gallon of regular gasoline at self-serve stations was $3.70 Friday. Mid-grade was at $3.83 and premium was at $3.95.

That's according to the Lundberg Survey of 7,000 gas stations nationwide, released Sunday.

Diesel was at $3.82.

The California average was $3.94, down 16 cents from two weeks ago.

Gas was cheapest in St. Louis, Mo., at $3.37 for a gallon of regular. It was most expensive in Anchorage, Alaska, at $4.34.

Despite the drop, gas nationally was almost 95 cents higher than a year ago.

Prices so far this summer peaked July 11 at $4.11 for a gallon for regular.

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On the Net:

Lundberg Survey: http://www.lundbergsurvey.com/

[Associated Press]

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