U.S. drivers found more savings at the pump as gasoline prices fell for the fifth straight week in California and the rest of the nation, with more to come, the government said Monday.
The U.S. average price of self-serve regular gasoline dropped 10.4 cents over the last week to $2.376 a gallon, based on the Energy Information Administration's weekly survey of service stations.
The pump price has fallen 69 cents since its record high average of $3.069 a gallon in early September after Hurricane Katrina disrupted gasoline production at Gulf Coast refineries. Still, the U.S. average was 37.5 cents higher than a year ago.
In California, the per-gallon average fell 8.8 cents to $2.659, the agency's survey found. The California price was down 39.7 cents from its Labor Day peak of $3.056 a gallon but up 31.8 cents from a year ago.