The average price of regular gasoline at U.S. pumps slid to the lowest level in almost four years, dropping 18.18 cents in the two weeks ended Oct. 24 to $3.0759 a gallon, according to Lundberg Survey Inc. Prices are 28.69 cents lower than a year ago, according to the survey, which is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company. The average is the lowest since Dec. 17, 2010, as oil, which makes up 64 percent of the pump price, has fallen by 24 percent from this year’s peak in June. “The crude oil price crash has been passed through by refiners,” Trilby Lundberg, the president of Lundberg Survey said in a telephone interview yesterday. “Retailers will probably be pressed to pass through at the pump a few more pennies of price-cutting sometime soon.” The highest price for gasoline in the lower 48 […]