NEW YORK - Average retail gasoline prices fell below $2 per gallon, due to a continuing slide in crude oil prices, falling gasoline demand and a weakening global economy, according to the latest nationwide Lundberg survey.
"It is the first time that the average price for regular gasoline has been below $2 a gallon since March 4 2005," survey editor Trilby Lundberg said in an interview.
The national average price for self-serve regular unleaded gas was $1.9717 a gallon on November 21, a drop of nearly 33 cents in the past two weeks, based on a survey of about 5,000 gas stations.
The average U.S. price per gallon of regular gasoline has now fallen about 81 cents in the past month and is down about $2.14 since peaking in mid-July.
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Source: Reuters
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