Falling Gas Prices

The average price of gas remains steady at $2.71 cents nationwide, which is down about a third of a cent from two weeks ago. Industry analyst Trilby Lundberg says while the national average did not change, there were some regional swings. “If had not been for the supply shortage in the Mid-West, in this period we would have seen a decline at the pump and I still think we are going to see heavy declines in pump prices.” Despite lowering prices on the West coast, Los Angeles has the most expensive gas at an average of $3.67. The cheapest place to fuel up is Charleston, South Carolina with an average cost of a gallon of regular at $2.10. However, Lundberg says both midgrade and premium went up a penny nationwide. “Midgrade is now $2.96, it rose about one cent in the past two weeks and premium is $3.14 per gallon and it also rose about a penny per gallon.” Gas prices are still much lower than last year, concludes Lundberg. “One year ago the average retail rice for regular grade was $3.48 that is 77 cents higher than what we are paying today.” On average diesel dropped 6 cents per gallon. It is down to $2.72.