Gasoline prices tumble again
National survey finds that in the last two weeks gasoline prices have fallen 8 cents. Prices have fallen 82 cents since August 11th.

(CNN) -- Gas prices continued their downward spiral across the nation, falling by an average of nearly 8 cents a gallon over the past two weeks, the publisher of the national Lundberg Survey said Sunday.

The average price of self-serve regular gasoline is $2.20, according to the survey taken of more than 7,000 U.S. filling stations between Oct. 6-20, Trilby Lundberg told CNN.

Prices at the pump have dropped more than $.82 since Aug. 11, she said.

The price drop "is due to another sizable dip" in the price of crude oil, Lundberg said, which fell despite a decision made Friday by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by 1.2 million barrels a day.

"The market is doubtful that (OPEC) will cut that much and that's why on the actual day of the decision, crude price fell again this past Friday by $1.68," Lundberg explained.

Gasoline prices have been closely watched, and they will get even more scrutiny this week as the no. 1 U.S. oil company Exxon Mobil (Charts) is expected to report earnings Thursday. Shares of exxon edged lower Friday after OPEC's announcement.

Stocks of other oil majors BP (Charts),ConocoPhillips (Charts), Chevron (Charts) and Royal Dutch Shell (Charts) also edged lower Friday.

For the latest survey period, Tulsa, Okla., had the lowest average price for a gallon of gasoline at $1.98.

The most expensive gas was in Honolulu at $2.84 a gallon.

Here is a sampling of other cities:

Atlanta $2.05

Austin, Texas $2.16

Chicago $2.34

Dallas $2.05

Denver $2.18

Long Island, N.Y. $2.27

Sacramento $2.34

Seattle $2.46


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.