Gas prices have dropped to their lowest level since 2010

Peter Weber, The Week US's avatar
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Gas prices have dropped to their lowest level since 2010
(Image credit: CC by: Andrew Taylor)

The average gallon of gas in the U.S. has dropped about 18 cents, to $3.08 a gallon, according to the Lundberg Survey. Gas prices are now at their lowest since December 2010, and about 29 cents below the price a year ago. "The crude oil price crash has been passed through by refiners," says Trilby Lundberg. "Retailers will probably be pressed to pass through at the pump a few more pennies of price-cutting sometime soon."

The lowest gas prices in the 48 contiguous states was Memphis, where gas was $2.72 a gallon on Friday; the highest, $3.45 a gallon, was recorded in San Francisco.

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Peter Weber, The Week US
Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.