Average U.S. gasoline price falls below $2/gallon

NEW YORK (Reuters) – U.S. average retail gasoline prices fell below $2 per gallon, due to a continuing slide in crude oil prices, falling gasoline demand and a weakening global economy, according to the latest nationwide Lundberg survey.

“It is the first time that the average price for regular gasoline has been below $2 a gallon since March 4 2005,” survey editor Trilby Lundberg said in an interview.

The national average price for self-serve regular unleaded gas was $1.9717 a gallon on November 21, a drop of nearly 33 cents in the past two weeks, based on a survey of about 5,000 gas stations.

Reuters