Released: August 28, 2007

Gas hits five-month low heading into holiday

Source: By Tom Doggett, Reuters

U.S. drivers heading into the last vacation weekend of the summer are enjoying the lowest gasoline prices in almost five months, the government said Monday.

The national price for regular gasoline fell 3.6 cents over the last week to average $2.75 a gallon, and was down nearly 10 cents from a year ago, the federal Energy Information Administration (EIA) said in its weekly survey of service stations.

The average pump price is at the lowest level since April 2, the EIA said.

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