Gas Prices Drop Again

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Money Beat
October 27, 2008 4:49 PM

ABC News' Charles Herman reports: The Energy Department reported Monday that retail gasoline prices dropped yet again as oil prices have plummeted. The latest government data shows that the average gallon of regular unleaded is now $2.66, down $0.26 from last week.

Since last month, the price has declined nearly 31 percent: On Sept. 15, the average price for a gallon of gasoline was $3.84.

But drivers are paying just 7.5 percent less per gallon today compared to a year ago, when the average gallon of regular unleaded cost $2.87.

For more information on gas price drops across the country, click on the chart below.

 

[AKIRA]

Yeah...why is this happening?

 

[Arnold]

Yeah...why is this happening?

that is just the same as asking why they shot up to over $4/gal.

 

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The decline comes as hurricane season winds down and oil prices drop over concerns that a prolonged economic slump would curb demand for energy.

Or they just roll the dice.

 

[maniclion]

Yeah...why is this happening?

They have a room full of guys running graphs and charts to find out how much they can rape us for without causing mass panic....

 

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