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The common U.S. gasoline price has fallen 45 cents in 3 weeks. It hasnt been enough to create back demand, a business analyst says

CAMARILLO, Calif.The common U.S. price of regular-grade gasoline plummeted 45 cents in the last three weeks to $4.10 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.

The drop of a dollar per gallon is not enough to revive motorist demand, that is in retreat because of sustained high prices, Lundberg said in a statement.

The common price at the pump is down a dollar in the last nine weeks, but its 85 cents greater than it was twelve months ago.

Nationwide, the best average price for regular-grade gas was in the SAN FRANCISCO BAY AREA Bay Area, at $5.36 per gallon. The cheapest average was in Baton Rouge, Louisiana, at $3.38 per gallon.

Based on the survey, the common price of diesel plunged 37 cents over three weeks to $5.17 a gallon.

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