INDIANAPOLIS -
The average U.S. price of a gallon of gasoline has dropped 15 cents over the past two weeks.
That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.48.
Midgrade costs an average of $3.65 a gallon, and premium is at $3.77.
Diesel dropped 13 cents to $3.78 a gallon.
Here in Indianapolis, the average is $3.36 a gallon, which is about 8 cents lower than the national average. Our 13 Pump Patrol has found prices even lower than that.
A gallon is going for $3.25 at some stations; in the $3.30's and $3.40's at others. In Franklin some are reporting prices dipping as low as $3.19 a gallon.
Some analysts are predicting national averages below $3.00 a gallon by October. These were some of the same analysts who predicted we'd see $5.00 a gallon gas by now.
While this is just a prediction, production is up and oil inventories are high. Once the summer driving season comes to an end, the experts say the demand will die down, and then prices will drop.
Even now it seems we're seeing some positive news at the pumps, especially if you're planning a road trip you should feel a little bit of relief. If you traveled last around spring break in April, you'll notice a big change; that's when prices topped $4.00 a gallon.
Of the cities surveyed in the lower 48 states, Jackson, Miss., has the nation's lowest average price for gas at $3.03. San Francisco has the highest at $3.95.
In California, the lowest average price was $3.77 in Sacramento. The average statewide for a gallon of regular was $3.86, down 27 cents.
(The Associated Press contributed to this report.)
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