U.S. Gasoline Prices Fall 7.5 Cents a Gallon

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gas pricesGasoline prices fell by just over 7 cents a gallon in the U.S. in the past two weeks, and are likely to stay steady.

The Lundberg Survey, carried out on Aug. 27, found the average price of regular self-serve gasoline at $2.70 per gallon - a decrease of 7.54 cents from two weeks earlier, according to CNN.

Trilby Lundberg, the publisher of the survey, told CNN that gas prices are tracking a fall in the price of crude oil.

"Absent any upset in the price of crude, (gasoline) prices should see little change or even a small drop," Lundberg said.

Gas prices are now the lowest since February.

The survey found the highest average price of gasoline was in San Francisco, California, at $3.13 per gallon. The lowest was in St. Louis, Missouri, at $2.39.
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