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Gas prices drop 5 cents over past 2 weeks

THE ASSOCIATED PRESS

CAMARILLO, Calif. — The average price of gasoline has dropped 5 cents over the past two weeks, to $1.77 a gallon.

In this July 16, 2015, photo, a customer refuels her car at a Costco in Pittsburgh.  U.S. consumer prices rose modestly in October 2015 as low gasoline costs and a strong dollar have suppressed inflation. The Labor Department says the consumer price index rose 0.2 percent last month after falling in September and August. Gas costs increased 0.4 percent in October but have plunged 27.8 percent over the past 12 months. (AP Photo/Gene J. Puskar)

Industry analyst Trilby Lundberg said Sunday that the price is 56 cents per gallon cheaper than a year ago.

Lundberg says it’s less likely that gas prices will continue to slide because crude oil prices are almost unchanged from a month ago.

In the Lower 48 states, the highest average price of regular gasoline was $2.40 per gallon in San Diego. The lowest was $1.42 in Tucson, Arizona.

The U.S. average diesel price is $2.07 per gallon, down 6 cents from two weeks ago and 88 cents per gallon under its year-ago point.