CAMARILLO, Calif. – The average price of U.S. gasoline fell 22 cents a gallon
during the past two weeks, bringing it to its lowest level in nearly five years,
according to a national survey released Sunday.
The average price of regular
gasoline Friday was $1.75 a gallon, oil industry analyst Trilby Lundberg said.
The price of mid-grade was $1.90 a gallon and the price of premium was $2.02 a
Supply and demand at work. When the global 'cool-down' hits China hard; look for gas to continue a drop-off.
I wouldn't be surprised to see (briefly) gas hit a dollar a gallon again.