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Monday, May 23, 2022

Gas prices drop 5 cents over past 2 weeks, to $1.77

CAMARILLO, Calif. (AP) — The average price of gasoline has dropped 5 cents over the past two weeks, to $ 1.77 a gallon.

Industry analyst Trilby Lundberg said Sunday that the price is 56 cents per gallon cheaper than a year ago.

Lundberg says it’s less likely that gas prices will continue to slide because crude oil prices are almost unchanged from a month ago.

In the Lower 48 states, the highest average price of regular gasoline was $ 2.40 per gallon in San Diego. The lowest was $ 1.42 in Tucson, Arizona.

The U.S. average diesel price is $ 2.07 per gallon, down 6 cents from two weeks ago and 88 cents per gallon under its year-ago point.

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