Oil markets, strong production lead US gas prices lower

In this Nov. 21, 2007 file photo, Shell Oil Company's Deer Park refinery and petrochemical facility is shown in the background as vehicles travel along Highway 225 in Deer Park, TX (AP Photo/David J. Phillip, File)

The average national price of a regular gallon of gasoline has dropped 4 cents in the last two weeks to $2.50.

Industry analyst Trilby Lundberg said Sunday that falling oil prices and strong production at U.S. refineries led to lower numbers at the pump. The drop during the two-week period ended Friday comes despite labor strikes at some refineries.

Los Angeles had the most expensive gas among cities surveyed in the Lower 48 states at $3.29. Charleston, South Carolina, had the cheapest at $2.11.

The average national price for midgrade gas was $2.71 and $2.87 for premium. Diesel stands at $2.97, down 5 cents.
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