Gas prices falling, faster in some swing states

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Associated Press & 13News

Posted on October 24, 2012 at 6:16 AM

Updated Wednesday, Oct 24 at 8:23 AM

CAMARILLO, Calif. (AP) -- The Energy Department releases its latest news on gas prices this morning and the decline is expected to continue in Hampton Roads and across the country.

The Lundberg Survey of fuel prices, released today, finds the average U.S. price of a gallon of regular gasoline has dropped 8.5 cents over the past two weeks to $3.75.

Midgrade costs an average of $3.93 a gallon, and premium is $4.06.

Diesel dipped 3 cents to $4.15 a gallon.

Of the cities Lundberg surveyed in the lower 48 states, Tulsa, Okla., has the nation's lowest average price for gas at $3.26. San Francisco has the highest at $4.51.

A separate survey by the auto club AAA puts the national average price for a gallon of regular self-serve gasoline at $3.72 per gallon as of Friday. That's 9 cents below week-ago prices and 13 cents below month-ago prices.

However, AAA says gas prices remain 25 cents above year-ago prices and 39 cents below the record high set back in July 2008.

Prices are falling quickly, especially in several battleground states as the Nov. 6 election nears. In Ohio, a critical state, gas prices dropped 24 cents last week. Some Ohio stations are selling gas for 2.97 a gallon.

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