The average U.S. retail gasoline price dropped 23.7 cents over the last week to fall below $3 a gallon for the first time since mid February and is at the lowest level in almost a year, the Energy Department said on Monday.
The national price for regular unleaded gasoline is $2.91 a gallon, the cheapest since October 29, 2007, but still up 9.1 cents from a year ago, the department's Energy Information Administration said in its weekly survey of service stations.
The average pump price has fallen 57 cents a gallon in the last two weeks because of cheaper crude oil and lower petroleum demand due to a weak economy.
I saw today at the corner of charleston and decateur gas was priced at 2.97 and was shocked! what is gas in your neighborhood?
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