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Average price of gas drops in the U.S.

1:37 PM, Dec 10, 2012   |    comments
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Gas prices have dropped significant over the last two months.

On average in the U.S., people are paying 46 cents per gallon less at the pump in December than in October. Supply and demand was one of the main reasons for the drop in gas prices. Secondly, America's gas supply has increased dramatically.

A gallon of regular gas in Knoxville costs $3.07.

The most expensive gasoline in the country is in Long Island, New York, and it averages around $3.86. The cheapest gas is reported in Memphis averaging $3.04.

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