Gas prices down 9 cents in 2 weeks

Gas prices down 9 cents in 2 weeks

CAMARILLO, Calif.

The average U.S. price of a gallon of gasoline has dropped 9 cents over the past two weeks.

That’s according to the Lundberg Survey of fuel prices, released Sunday, which puts the price of a gallon of regular at $3.29.

Midgrade costs an average of $3.46 a gallon, and premium is at $3.57.

Diesel is down a nickel, to $3.96 a gallon.

Of the cities surveyed, Albuquerque, N.M., has the nation’s lowest average price for gas at $2.84. San Francisco has the highest at $3.67.

Online sales hit $6B in week after holiday

NEW YORK

U.S. shoppers still are spending heavily online after a record-busting Cyber Monday.

Research firm comScore says shoppers spent nearly $6 billion online Monday through Friday last week, a record.

On Cyber Monday itself, sales reached $1.25 billion, the biggest online-shopping day in history.

Online sales Tuesday and Wednesday also broke $1 billion.

Cyber Monday sales topped $1 billion for the first time last year.

ComScore says online sales are up 15 percent to $18.7 billion in November and the first two days of December, compared with the same period last year.

Free shipping appears to be a big draw, applying to 63 percent of sales, up from 52 percent a year ago.

ComScore’s spending figures exclude travel, auctions and large corporate purchases.

Associated Press