Comment on US gas prices fall, extending summer decline

US gas prices fall, extending summer decline

CAMARILLO, Calif. (AP) — A national survey says the average price of a gallon of regular gasoline has dropped another 9 cents over the last two weeks, to $3.37, bringing the decline to 34 cents over the last 13 weeks. Industry analyst Trilby Lundberg said Sunday that falling crude oil prices drove the declines, but the drop was also heavily impacted by a crash in prices of ethanol and the fact that winter-grade gasoline costs less to produce.

 

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