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advertisement Gasoline Pump Price Falls for 9th Week
Reuters ^ | 01/03/2005 | Tom Doggett

Posted on 01/04/2005 5:29:30 AM PST by KwasiOwusu

WASHINGTON (Reuters) - U.S. retail gasoline prices declined for the ninth week in a row and truckers are enjoying the cheapest diesel fuel in almost four months, the Energy Department said on Monday.

The national pump price for regular unleaded gasoline fell 1.3 cents over the last week to $1.778 a gallon ...................................

The EIA, the Energy Department's analytical arm, also said the average price truckers pay for diesel fuel fell 3 cents to $1.957 a gallon, the lowest since mid-September, but up 45 cents from a year ago.

The EIA's weekly survey showed the retail price for cleaner-burning reformulated gasoline, sold in polluted metropolitan areas, fell 2.1 cents to $1.848 a gallon.

The drop at the pump mirrors the decline in crude oil prices, which account for about the half the cost of making gasoline and diesel.

Oil futures at the New York Mercantile Exchange fell 3 percent on Monday, settling down $1.33 at $42.12 a barrel.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: bush; economy; energyprices; oil
More good news for the US economy, under President Bush.
1 posted on 01/04/2005 5:29:30 AM PST by KwasiOwusu
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To: KwasiOwusu

Strange how prices started nose-diving after the election. You'd think someone was up to something prior to the elections.

2 posted on 01/04/2005 5:55:30 AM PST by L98Fiero
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