A national survey said Sunday that gas prices dipped to $1.75 a gallon - a near five-year low. The Lundberg Survey said that price of self-serve gasoline dropped 22 cents in the past two weeks which is the lowest its been since the $1.74 average seen in March 2004.
Lundberg said the price reductions we are seeing now are due to a drop in crude prices and demand. Prices could drop more if the economic crisis continues to affect the demand of crude oil. Lundberg said that the all-time high average was set on July 11th of this year at $4.11.
The cheapest gas prices have been seen in...
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