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Gas prices down a penny in past 2 weeks

Gas prices survey released Sunday says the average cost of a gallon of regular fuel in the US is now $3.62. Gas prices in Phoenix were the lowest of all surveyed cities at $3.30 a gallon.

July 11, 2011

In this May 24, 2011 photo, customers pump gas at a Costco station in Redwood City, Calif. Average gas prices in the US dropped one cent in the past two weeks.

Paul Sakuma / AP / File

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CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has dropped about a penny in the past two weeks.

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That's according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.62.

Midgrade costs an average of $3.76 a gallon and premium was at $3.98.

Diesel was up about a nickel, to $3.95 a gallon.

Of the cities surveyed, Phoenix had the nation's lowest average price for gas at $3.30. Chicago had the highest at $4.03.

In California, the lowest average price was $3.63 in Fresno and San Franciscans paid the highest price at $3.78. The average statewide was $3.77, down about nine cents.