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U.S. Gas Prices Down About 7 Cents Over Past 3 Weeks

George Severson

U.S. Gas Prices Down About 7 Cents Over Past 3 Weeks

CREATED Jul. 15, 2012

CAMARILLO, Calif. (AP) — The average price of a gallon of gasoline nationwide has dropped about 7 cents over the past three weeks.

That's according to the Lundberg Survey of fuel prices, which puts the average price for a gallon of regular is $3.41.

But analyst Trilby Lundberg says oil prices have been trending upward and that will translate into the end of declining prices at the pump.

Lundberg says the national average for a gallon of mid-grade is $3.57. For premium it's $3.69 a gallon.

Diesel prices fell 5 cents a gallon over the past three weeks, to $3.73.

Jackson, Miss., had the nation's lowest average price for gas at $3. Chicago had the highest at $3.78.

Gas prices in the Inland Empire rose six-tenths of a cent on Friday, ending a 52-day streak of decreases.  The price of a gallon of self-serve regular gasoline in the Inland Empire
rose to $3.66. 

The average price in Riverside and San Bernardino counties decreased 68.9 cents during the streak that began on May 22. The price had fallen to its lowest amount since Jan. 4, according to
figures from the AAA and Oil Price Information Service.

Despite the slight increase Friday, the average price is 3.3 cents less than one week ago, 39.1 cents lower than one month ago and 10.9 cents below what it was one year ago.