Posted on 05/22/2006 3:25:58 PM PDT by Tassadar
New York (Reuters) - U.S. retail gasoline prices fell 6.4 cents over the last week to $2.88 a gallon, as crude oil costs fell sharply, the government said on Monday. ADVERTISEMENT
Drivers are still paying 76 cents per gallon more at the pump than they were a year ago heading into the Memorial Day holiday weekend -- the traditional start of the summer vacation period.
The new drop in pump prices could be short lived, following a sharp rise on Monday in crude oil futures at the New York Mercantile Exchange, where the expiring contract for delivering oil in June settled 70 cents higher at $69.23 a barrel. Crude for delivery in July was up 67 cents to $69.96.
(Excerpt) Read more at news.yahoo.com ...
goes up like a rocket... comes down like a feather....
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