Let's start by calculating how many gallons of gas Steven needs for his daily commute:
37 miles each way * 2 = 74 miles round trip
74 miles / 30 miles per gallon = 2.47 gallons
This means that Steven needs approximately 2.47 gallons of gas each day to commute to work.
Now, let's calculate how much Steven saved on gas during the week when the price dropped by $0.05 per gallon:
2.47 gallons per day * $0.05 per gallon = $0.1235 per day
So Steven saved approximately $0.12 per day on gas during that week.
To calculate his total savings over the 5-day work week, we just need to multiply his daily savings by the number of days:
$0.12 per day * 5 days = $0.60
Therefore, Steven saved about $0.60 on gas during that week.