Monday, October 27, 2008

Gasoline Prices in Steepest Plunge Ever

The average retail price for a gallon of gasoline in the United States plunged more steeply than ever over the last two weeks as the economic slowdown weighed on crude oil and drove consumers off of the roads, according to the latest nationwide Lundberg survey. Prices will likely slide more, but at a slower pace, following the "extraordinary" decline this month, survey editor Trilby Lundberg said on Sunday. The national average price for a gallon of self-serve, regular unleaded gas was $2.7785 on October 24, a decline of about 53 cents per gallon in the past two weeks
And this: Oil falls below $62 as investors eye weak demand

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