Average US price of gas drops 2 cents over 2 weeks, to $3.46

Consumer

Gasoline prices are displayed at a station in Huntingdon Valley, Pa., Wednesday, Nov. 17, 2021. OPEC and allied oil-producing countries meet Thursday, Dec. 2, 2021, under the shadow of a surprise new COVID-19 threat, with uncertainty over the omicron variant’s future impact on the global economic recovery hanging over their decision on how much oil to pump to a world that is paying more for gasoline. (AP Photo/Matt Rourke)

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline fell 2 cents over past two weeks, to $3.46 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that the price drop is partly because of a crash in crude oil costs.

It’s the first decline in gas prices in 14 weeks. The average price at the pump is $1.24 higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.80 per gallon. The lowest average is in Houston, at $2.91 per gallon.

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