Happy July 4: Gasoline prices at 15-month lowJune 29, 1997
Web posted at: 11:11 p.m. EDT (0311 GMT)
LOS ANGELES (CNN) -- Gasoline prices dropped more than 1.5 cents during the past two weeks across the United States and are at the lowest level in 15 months, according to the Lundberg survey of 10,000 gas stations taken on June 27.
The overall price nationally for all grades of gasoline, sold both at full-service and self-serve pumps, was an average 125.5 cents a gallon. That's 1.56 cents lower than two weeks ago when the last survey was done.
The average price for the most popular type of gasoline, regular unleaded sold at self-serve pumps, was 120.19 cents a gallon. That was 1.63 cents lower than two weeks before. The price drop comes despite an increase in consumption during the summer travel season.
Gasoline prices fell more than a penny in the previous survey. With the exception of a slight rise in May, prices have been declining since the start of the year.
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