Gas Prices Drop Significantly

FeelPic/iStockphoto/Thinkstock(NEW YORK) — Gas prices dropped by almost five cents in the last week, an impressively large dip, bringing the average price of a dollar of unleaded gas to $3.41.

That figure, released by the U.S. Energy Information Administration, is nearly 14 cents lower than this date one year ago. California was once again the state with the highest average price for gas, with one gallon costing $3.79 on average.

The most notable drop occurred in the Midwest region, where the average gas price dropped by slightly more than eight cents per gallon from last week.


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