Average US price of gas steady over past 2 weeks, at $3.49

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After gas prices hit a yearly high earlier this month, motorists could soon see some relief at the pumps. Patrick De Haan, GasBuddy’s Head of Petroleum Analysis said prices could fall as much as 15 to 30 cents per gallon over the next couple of weeks. (Getty Images)

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks, at $3.49 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that spiking ethanol costs prevented a drop in gas prices.

The average price at the pump is $1.31 higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.82 per gallon. The lowest average is in Tulsa, Oklahoma, at $2.95 per gallon.

According to the survey, the average price of diesel jumped 2 cents to $3.69 a gallon.

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