The average price for gasoline at US pumps tumbled to the lowest level in almost eight months as crude oil price cuts reduced costs.
Regular gasoline slid 6.4 cents to $3.5207 a gallon in the two weeks to Friday, the least since Jan. 25, according to Lundberg Survey Inc. The average, which reached a year-to-date peak of $3.795 on Feb. 22, is about 31 cents below the year-earlier price of $3.8338 a gallon.
Gasoline slid as crude fell to a one-month low, cutting the cost of production.
The lowest price in the contiguous 48 states among the markets surveyed was in Charleston, S.C., with an average of $3.14 a gallon, according to the data, which is based on information from about 2,500 filling stations by the Camarillo, Calif.-based company. Full story for BostonGlobe.com subscribers.