Pah
Uber all member
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.
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.
