gas prices
Bruce Schreiner/AP
By Jonathan Spicer

The average price of a gallon of gasoline fell by 9 cents in the past two weeks, a sharp drop due to wholesale price cuts at refiners, according to the Lundberg survey released Sunday.

Prices fell to an average of $3.58 a gallon for regular grade gasoline, according to the survey conducted July 25. It was the first big drop in the year, and comes after twelve months of relative stability at the pumps, survey publisher Trilby Lundberg said.

"There is an abundance of gasoline, inventories are high, and refiners are cutting to chase those summer sales," Lundberg said. "We can expect gas prices to keep migrating down, though maybe not to this extent."

The average price for gasoline is now about 10 cents lower than a year ago. The recent drop came despite a rise in the price of global crude oil.

San Francisco had the highest price within the survey area at $4.03 a gallon for regular while the lowest price was in Tulsa where regular grade cost $3.23 a gallon.

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Just in time for the refineries to begin switching over to the "winter blend" of gasoline, which will drive the prices right back up to where they were. Not uncommon to se a 10 cent increase overnight, and a l cent decrease over the next two weeks. The consumer never, never, wins this battle.

July 29 2014 at 1:45 PM Report abuse rate up rate down Reply
1 reply to ddstan1120's comment

Sure they do, they can walk or ride a bike.

July 29 2014 at 1:47 PM Report abuse rate up rate down Reply
1 reply to rrob.smythe's comment

If you are an urban dweller!

July 29 2014 at 1:48 PM Report abuse rate up rate down

WAY DOWN! LOLOL What a pile of pinko propaganda!

July 29 2014 at 1:39 PM Report abuse +1 rate up rate down Reply
1 reply to RANDYTHOMAS711's comment

Oh well, grow up, we're a Capitalist country, and thus slaves to the energy industry. So unless you're willing to have the Feds take over our energy companies, get used to paying close to what our energy companies sell gas for overseas.

Reality check; 2 billion Chinese, and 1.5 billion Indians now have the resources to buy cars, and heat their homes with fossil fuels, thus pricing will continue to increase.

As for Pinko's spoken like a true commie.

July 29 2014 at 4:13 PM Report abuse -1 rate up rate down Reply

Seriously, 2.5% lower is way down

July 29 2014 at 1:19 PM Report abuse rate up rate down Reply
Tom Wilson

Do you know who controls the Mexican Border in Arizona?*****apparently Mexico does, the same as Texas and Mexifornia.

July 29 2014 at 1:00 PM Report abuse +1 rate up rate down Reply

No wonder there were so many vehicles at the Car Craft Summer Nationals in St. Paul. They were burning them up at the Lucas Oil Dyno Challenge.

July 29 2014 at 12:16 PM Report abuse rate up rate down Reply

If it wasn't for the big oil companies we would be back to the horse and wagon. A shovel and a big bag along for the ride. Hop in your car and enjoy ride. Chev. hot dog and apple pie.

July 29 2014 at 10:55 AM Report abuse rate up rate down Reply

I mostly use gas in the lawn mower, though my next mower will be lithium ion electric - it's quieter and I can use lith ion early in the morning when it's cooler and it wont disturb the neighbors.
I avoid driving and use other safer gestapo free transportation. I don't wanna be killed for not wearing a seatbelt.

July 29 2014 at 6:34 AM Report abuse rate up rate down Reply

I wouldn't call any gas price over $3 /Gal a reason to smile....I just hope that whatever the next generation fuel is, that the government doesn't continue its stupid ways and converts it into a commodity for the arsehats to hoard/trade and make unaffordable for the common person

July 29 2014 at 5:14 AM Report abuse rate up rate down Reply

Gas prices are way down???? Compared to what? Just because they're not $4.50 anymore are we supposed to be out dancing naked in the streets celebrating? Give me a break. $3.50+ is still a burden on the average wage earner, while the oil companies continue to make record breaking profits. Whoever wrote this piece of crap article should be.........well, i really can't say that now, but you know what i'm thinking.

July 29 2014 at 1:53 AM Report abuse +1 rate up rate down Reply

A drop of 10 cents is "way down"??????

July 28 2014 at 8:48 PM Report abuse +2 rate up rate down Reply
1 reply to psimon901's comment

And it took 2 weeks, yet we can see a spike of 10 cents in a couple of days.

July 28 2014 at 9:53 PM Report abuse -1 rate up rate down Reply