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U.S. Gasoline Prices at Lowest Levels Since 2008 Recession

There's some good news for consumers. Gas prices in the United States are at their lowest levels since the recession in 2008.
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There's some good news for consumers. Gas prices in the United States are at their lowest levels since the recession in 2008. The average gas price per gallon nationwide is $2.44 per gallon. According to the Lundberg survey across 2,500 filling stations, gas prices have dropped $0.27 in the past three weeks. 'Consumers are winners at this point,' the survey noted. 'It is a big historical discount to last year.' Drivers are now paying more than a dollar less a gallon for gas compared to a year ago. We're seeing prices fall because gasoline supply is growing, Lundberg said. Charleston, South Carolina saw the cheapest gas prices at $1.94 per gallon. But on the opposite side of the country, drivers paid $3.31 per gallon for gas in Los Angeles. Overall, oil prices have dropped nearly 60% since June of last year. TheStreet's U-Jin Lee reports from New York.

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