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Average Price for Regular Gas Drops 17 Cents in 2 Weeks

Sectors:Automobiles and Parts | Oil and Gas

By: AP | 12 Aug 2007 | 04:17 PM ET

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The price of gasoline dropped about 17 cents over the last two weeks, according to a national survey released Sunday.

The average price for regular was $2.88 a gallon, mid-grade was $3.01 and premium was $3.12, said oil industry analyst Trilby Lundberg.

The nation's lowest average price was in Cleveland, where a gallon of regular cost $2.65. The highest was in Chicago at $3.29, according to the Lundberg Survey of 7,000 stations nationwide.

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