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Motorists are seeing the sharpest decline in gasoline prices in nearly a year, according to an Associated Press report.
The Lundberg Survey showed that prices dropped an average of 15 cents a gallon in the past two weeks. Analyst Trilby Lundberg credits the price drop to abundant gasoline supplies and lower demand.
The national average for self-serve regular gas stands at $2.87 a gallon. That’s down from just under $3.03 but is about 25 cents-a-gallon higher than this time last year.
The lowest average price is $2.60 in Des Moines, Iowa. The highest is $3.32 in Honolulu.