U.S. gasoline prices post biggest fall in nearly 4 years: survey [View all]

[littlemissmartypants]

Source: Reuters, NewsDaily

NEW YORK, Nov. 4, 2012 (Reuters) — The average U.S. price for a gallon of regular gasoline took its biggest drop since 2008 in the past two weeks, due to lower crude oil prices, a big price drop in pump prices in California and Hurricane Sandy, according to a widely followed survey released on Sunday.

Gasoline prices averaged $3.5454 per gallon on November 2, down 20.75 cents from October 19 when drivers were paying $3.7529 at the pump, Lundberg said.

The decline was the biggest two-week price drop since the survey recorded a 21.9 cents price decline December 5, 2008 due to a crash in petroleum demand during the global recession.

Read more: http://www.newsdaily.com/stories/bre8a30n0-us-energy-gasoline-retail/