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Gas prices hit lowest level in 3 months

Discussion in 'Consumer Affairs' started by Pah, Nov 8, 2005.

  1. Pah

    Pah Uber all member

    Jun 2, 2004
    Gas prices hit lowest level in 3 months
    Nationwide average of unleaded gas falls below $2.40 a gallon

    Complete MSNBC article

    WASHINGTON - For the fifth straight week, average retail gasoline prices have dropped nationwide, falling below $2.40 a gallon for the first time since early August.

    The federal Energy Information Administration said Monday that U.S. motorists paid $2.376 cents a gallon on average for regular grade last week, a decline of more than 10 cents from the previous week. Pump prices are still 38 cents higher than a year ago.

    Average retail prices peaked at $3.07 a gallon in early September, a reflection of the extreme tightness in the market following Hurricane Katrina, which knocked out refineries in the Gulf region, as well as pipelines that deliver fuel to the East Coast and Midwest. Prices have since retreated because of the recovery of oil production and refining facilities, increased imports from Europe and a slight reduction in demand.
  2. jonny

    jonny Well-Known Member

    Jul 23, 2005
    I paid $2.55 for gas yesterday... :(
  3. gtrsgrls

    gtrsgrls Member

    Sep 19, 2005
    Yes,I guess the price is steadily going down but it's still way to high!I remember a few years back my mom got gas for 97 cents a gallon.It's still got a long way to go.