Same old song: Gasoline prices nudge downward

LOS ANGELES (CNN) -- With summer in full swing, gasoline prices continued their seven-month slide, albeit less dramatically than in recent months.

The price of gasoline dropped nearly a half cent per gallon over the last two weeks across the United States, but the rate of decline was less than half of what it was in previous weeks, according to the Lundberg survey of 10,000 gas stations taken on July 25.

The overall price nationally for all grades of gasoline, sold both at full-service and self-serve pumps, was an average $1.24 a gallon, which is lower than when the last survey was done July 11.

The three previous surveys, taken over the last two months, showed gas prices falling more than a penny every two weeks. With the exception of a slight rise in May, prices have been declining since the start of this year.

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