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Survey: Gas prices post first drop since January

Gasoline prices fall 7 cents to $3.11 in the first decrease seen since January, according to Lundberg Survey.


(CNN) -- The average price of gasoline dropped more than 7 cents over the past three weeks, to $3.11 per gallon of self-serve regular, the first price drop since January, a national survey said Sunday.

The "Lundberg Survey" of about 5,000 gas stations was carried out June 8 and May 18.

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The 7.37-cent drop comes nowhere near offsetting the $1.00 rise in the price of gas that occurred between January 19 and May 18, said survey publisher Trilby Lundberg.

"It's unlikely we can see the other 93 cents any time soon," she told CNN in a telephone interview.

Most of that 7 cents relief came from lower prices charged for gas produced in refineries outside the United States, she said.

"Some of our domestic refining capacity is still just limping along, after at least four months of extraordinary down time," she said, citing seasonal maintenance and more than 30 other events "that were beyond ordinary seasonal tune-ups," including fires and explosions.

At present, the nation's refineries are operating at 89.6 percent capacity, down about 6 points from normal, she said.

No new refineries have been built in the United States for decades.

Chicago drivers paid the most, at $3.61 per gallon; Jackson, Miss., drivers the least, at $2.87.

Here are some prices in other cities:

-- Dallas: $2.97

-- Atlanta: $3.02

-- Boston: $3.04

-- Indianapolis: $3.14

-- Las Vegas: $3.15

-- Portland, Ore: $3.18

-- Los Angeles: $3.25 Top of page

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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: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. 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 2014 and/or its affiliates.