U.S. gasoline falls below $4 first time in 8 weeks


WASHINGTON, July 28 (Reuters) - The national average retail price of U.S. gasoline fell below $4 a gallon for the first time in eight weeks, after dropping 10.9 cents over the last week to an average $3.96, the government said on Monday. The cost of regular, unleaded gasoline is still up $1.08 a gallon from a year ago, according to the federal Energy Information Administration's weekly survey of service stations. Pump prices are falling because of the recent drop in crude oil costs, ...

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