National gas prices drop 15 cents in 2 weeks

updated 9:20 a.m. ET Aug. 25, 2008

CAMARILLO, Calif. - A national survey shows gas prices have dropped 15 cents a gallon in the last two weeks.

The average price of a gallon of regular gasoline at self-serve stations was $3.70 Friday. Mid-grade was at $3.83 and premium was at $3.95.

That's according to the Lundberg Survey of 7,000 gas stations nationwide, released Sunday.

Diesel was at $3.82.

The California average was $3.94, down 16 cents from two weeks ago.

Gas was cheapest in St. Louis, Mo., at $3.37 for a gallon of regular. It was most expensive in Anchorage, Alaksa, at $4.34.

Despite the drop, gas nationally was almost 95 cents higher than a year ago.

Prices so far this summer peaked July 11 at $4.11 for a gallon for regular.

Also in msnbc.com business ConsumerMan: It's a ruby ... but it's not the real thing Answer Desk: TARP break even? Not very likely Companies look for alternatives to the holiday party Your Career: Think twice before giving the boss a gift   Video: Gatorade to discontinue "Tiger Focus" drink

MORE FROM OIL & ENERGY

Oil & Energy Section Front

Iraq opens big slice of oil riches to bidders   Cost of oil at lowest point in last two months Price of gas drops, but not by very much Saudi oil minister says oil is at ‘perfect’ price Newsweek: New market bubble is brewing Chevron 3Q profit slumps 51 percent BusinessWeek: The coming energy revolution Solar power outshining Colorado’s gas industry Citigroup dumps Phibro, avoids showdown Emirates: Oil pricing will remain in dollars Oil & Energy Section Front   Add Oil & Energy headlines to your news reader: