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Price of gas down 10 cents in the last two weeks

Lundberg survey analyst says its first significant drop since December

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updated 10:53 a.m. ET July 13, 2009

CAMARILLO, Calif. - The national average price of gasoline fell about 10 cents a gallon during the past two weeks to $2.56.

That’s according to the Lundberg Survey of fuel prices released Sunday.

Analyst Trilby Lundberg says it’s the first significant price drop since early December.

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The latest average price of regular gasoline is $1.55 less than the price at the same time last year, which peaked at an all-time high of $4.11.

The average price for a gallon of mid-grade is now $2.69. Premium is $2.80.

Wichita, Kan., has the lowest prices. The average there is $2.26 for a gallon for regular. Honolulu has the highest prices, with an average of $3.20.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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