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Gas prices tumble 35 cents in two weeks, survey shows


Associated Press
CAMARILLO, CALIF.: A national survey shows gas prices tumbled 35 cents in the last two weeks, following price declines in world oil markets.

The average price of a gallon of regular gasoline at self-serve stations was $3.31 Friday. Mid-grade was at $3.45, and premium was $3.57. Diesel averaged $3.95.

That's according to the Lundberg Survey of 5,000 gas stations nationwide, released Sunday.

Gas was cheapest in Wichita, Kan., at $2.79 for a gallon of regular. It was most expensive in Honolulu at $3.91.

The California average was $3.51, down 16 cents from two weeks ago.

The price of a barrel of crude plunged below $78 last week, reflecting the pessimism of investors during the global economic crisis.


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