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Gas prices crash? Prices drop 10 cents in three weeks (+video)

Gas prices crash? The average price of gasoline in the US has dropped 10 cents in the past three weeks, and it may be going lower. 

What's causing the nationwide dip in gas prices?
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The average U.S. price of a gallon of gasoline has dropped ten cents over the past three weeks.

That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.38.

Midgrade costs an average of $3.55 a gallon, and premium is $3.69.

Diesel dipped two cents to $4.02 a gallon.

Of the cities surveyed in the lower 48 states, Memphis, Tenn., has the nation's lowest average price for gas at $3.04. Long Island, N.Y. has the highest at $3.85.

In California, the lowest average price was $3.42 in Stockton and the highest was $3.73 in Bakersfield. The average statewide for a gallon of regular was $3.52, down a dime.


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