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Nation’s gas prices drop average of 6 cents

Mon., May 23, 2005, midnight

CAMARILLO, Calif. – The average gasoline price nationwide for all grades has tumbled 6 cents in two weeks, continuing a slide in pump prices that began last month, an industry analyst said Sunday.

The average retail price for all three grades dropped 6.37 cents to $2.18 per gallon between May 6 and Friday, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country.

The most popular grade, self-serve regular, was priced at an average of $2.15 a gallon, while customers paid $2.25 for midgrade. Premium averaged $2.35 a gallon for the period, Lundberg reported.


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