Skip to comments.advertisement Gasoline Pump Price Falls for 9th Week
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 reuters.com ...
Strange how prices started nose-diving after the election. You'd think someone was up to something prior to the elections.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.