Gas prices drop nearly 3 cents in last 2 weeks

Survey: U.S. avarage now at $2.75 a gallon

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updated 5:08 p.m. ET Aug. 26, 2007

CAMARILLO, Calif. - The national average price for gasoline dropped about 2.9 cents over the last two weeks, according to a survey released Sunday.

The average price of regular gasoline on Friday was about $2.75 a gallon, mid-grade was $2.88, and premium was $2.99, oil industry analyst Trilby Lundberg said.

The nation's lowest average price was in Phoenix, where a gallon of regular cost $2.51.

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The highest was in Honolulu at $3.12, according to the Lundberg Survey of 7,000 stations nationwide.