Gas prices in retreat
Monday, October 6, 2008 - 11:43 AM EDT
“AAA expects the national average price of gas will drop significantly this fall, with a possible return to $3 per gallon,” Catherine L. Rossi, manager, public and government affairs, said. “The national price of gas would be even lower than it is now if not for continuing gasoline outages in the southeast U.S.”
AAA: Gas prices fall to 6-month low in Rhode Island
By PBN Staff
Providence Business News
PROVIDENCE – “Falling oil prices are leading to rapidly falling prices at the pumps … leaving prices at their lowest point locally in almost six months,” Lloyd P. Albert, senior vice president of public and government affairs for AAA Southern New England, wrote today in the nonprofit auto club’s weekly fuel-price report.
AAA’s Sept. 6 survey found average price of self-serve, regular unleaded gasoline at Ocean State stations was $ 3.329 per gallon, 14 cents less than a week ago (READ MORE) and 64 cents below the July 7 survey’s record high of $4.109.
“Prices haven’t been this low since around the middle of April,” Albert noted. A year ago, the average price of unleaded regular in Rhode Island was $2.699.
Nationwide, the average price of self-serve regular fell 14 cents over the past week to $3.509 per gallon, after falling 9 cents the week before, AAA found.
In Massachusetts, the average price of self-serve regular fell 15 cents over the past week – accelerating from the previous week’s 8-cent decline – to an Oct. 6 price of $3.329 per gallon, or 76 cents below the July 7 high of $4.089. A year ago, the average price in the Bay State was $2.679.
Pain At Pump Eases Somewhat As Gas Prices Fall
Monday, October 6, 2008
COLUMBUS, Ohio — Gasoline prices in central Ohio have fallen by at least half a dollar in the past week.
A Speedway station on Shrock Road on the north side was selling regular gasoline for $3.26 a gallon on Sunday, 10TV News reported.
According to ColumbusGasPrices.com, some stations were selling gasoline Sunday at $3.10 a gallon.
Many stations a week ago were selling gasoline at more than $3.70 a gallon.
AAA reported the average price of regular gasoline in the Columbus area was $3.35 on Sunday, four cents less than the average price on Saturday.
Central Ohioans are paying significantly less for gasoline than motorists in other parts of the country. AAA said the gas price in the Columbus area was 17 cents below the national average.
Prices may continue to fall as weakness in the global economy is driving oil prices lower. In trading Monday, oil fell below $90 a barrel for the first time since February.