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US: avg. cost per gallon of gas dips below $4

(Agenceis)
Updated: 2008-07-28 17:18

BEIJING -- A US survey reveals gas prices nationwide have dropped a fraction below the US$4 mark.

The average price of regular gasoline at self-serve stations was US$3.996 a gallon Friday. Mid-grade was US$4.13 a gallon and premium went for US$4.24. That's according to the Lundberg Survey of 7,000 gas stations nationwide, released Sunday.

Related readings:  Govt steps up green gas monitoring  Sex, blood and baby names: US mad for free gas  As gas prices go up, auto deaths drop:Study

Prices are at their lowest level since May 16 and are an average of 11.7 cents less per gallon than two weeks ago.

Still, the survey showed the average US price for gas is US$1.11 higher than it was a year ago. Diesel was at US$4.80.

The cheapest gas was in Wichita, Kansas, where the price for regular was 3.61 dollars a gallon.

Anchorage, Alaska, ranked the nation's highest at US$4.43 a gallon for regular.