CAMARILLO, Calif. – The average U.S. price of regular-grade gasoline plunged 32 cents over the past two weeks to $4.54 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also fall.
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“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,” Lundberg said in a statement.
The average price at the pump is down 55 cents over the past six weeks, but it’s $1.32 higher than it was one year ago.
Nationwide, the highest average price for regular-grade gas was in Los Angeles, at $5.65 per gallon. The lowest average was in Baton Rouge, Louisiana, at $3.90 per gallon.
The state average in Florida stands at $4.10 per gallon, but drivers are finding pump prices below $4 a gallon in some regions. At the rate pump prices are declining, the state average could slip below $4 a gallon this week, which would be the first time since March 6.
According to the survey, the average price of diesel dropped 22 cents over two weeks to $5.55 a gallon.