Lowest Crude Since January Cuts U.S. Gas to $3.48, Lundberg Says
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The cheapest crude oil since January has refiners producing fuel at record rates, helping lower the cost of gasoline at pumps across the country.
The average price for regular gasoline at U.S. pumps dropped 4.21 cents in the two weeks ended Aug. 22 to $3.4785 a gallon, according to Lundberg Survey Inc. The average is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company. Prices are 8.01 cents lower than a year ago, the survey showed.