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Gas Prices Down 8.5 Cents Last Two Weeks

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Updated: 10/21/2012 5:23 pm
Camarillo, Calif. (AP) – Gas prices continue to decline.

The Lundberg Survey of fuel prices, released Sunday, finds the average U.S. price of a gallon of regular gasoline has dropped 8.5 cents the last two weeks to $3.75.

Midgrade costs an average of $3.93 a gallon, and premium is $4.06.

Diesel dipped 3 cents to $4.15 a gallon.

Of the cities Lundberg surveyed in the lower 48 states, Tulsa, Okla., has the nation's lowest average price for gas at $3.26. San Francisco has the highest at $4.51.

A separate survey by AAA puts the national average price for a gallon of regular self-serve gasoline at $3.72 per gallon as of Friday. That's 9 cents below last week’s prices and 13 cents below last month’s prices.

However, AAA says gas prices remain 25 cents above year-ago prices and 39 cents below the record high set back in July 2008.
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