Gas Prices Drop Another 26 Cents

ABC News' Charles Herman reports: The Energy Department reported Monday that retail gasoline prices dropped yet again as oil prices have plummeted. The latest government data shows that an average gallon of regular unleaded is now $2.40, down 26 cents. In the past two weeks, gasoline prices have dropped 52 cents.

The price of gasoline has now dropped for seven weeks. On Sept. 15, the average price for a gallon of gasoline was $3.84. With today’s news, the price has now dropped $1.44 or 37.5 percent.

And there's even more good news: compared to last year, drivers are paying 20.3 percent less per gallon today compared to a year ago ($3.01).

For more information on gas price drops across the country, click on the chart below.

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