xcel
07-31-2007, 02:07 PM
With oil trading at all time highs, gasoline continues to fall. (http://www.usatoday.com/money/industries/energy/2007-07-30-oil-prices_N.htm?csp=34)
http://www.cleanmpg.com/photos/data/501/gas-prices-2_869.jpgBarbara Hagenbaugh - USA TODAY - July 31, 2007
Gasoline has moderated to around $2.87 on average nationwide even with oil continuing to rise.
WASHINGTON - Oil prices flirted with record highs Monday and continued its rise Tuesday, while gasoline prices fell for a second consecutive week, as oil and gas prices continue to uncharacteristically move in opposite directions.
Gas prices may decline further in coming weeks as the unusual disconnect between oil and gasoline prices continues.
"The public shouldn't correlate these high prices in crude oil to what is going to happen in their local" gas stations, Oil Price Information Service (OPIS) analyst Tom Kloza says.
The nationwide average price of a gallon of regular gasoline was $2.876 Tuesday, down more than 8 cents from a week earlier and 34 cents below the recent high seen on May 21, the Energy Department said.
Average prices were under $3 a gallon in 36 states, according to a separate survey from OPIS and motorist club AAA. Prices were lowest in Ohio, where the average was $2.67 a gallon, and highest in Hawaii, where the average was $3.24 … http://www.usatoday.com/money/industries/energy/2007-07-30-oil-prices_N.htm?csp=34
http://www.cleanmpg.com/photos/data/501/gas-prices-2_869.jpgBarbara Hagenbaugh - USA TODAY - July 31, 2007
Gasoline has moderated to around $2.87 on average nationwide even with oil continuing to rise.
WASHINGTON - Oil prices flirted with record highs Monday and continued its rise Tuesday, while gasoline prices fell for a second consecutive week, as oil and gas prices continue to uncharacteristically move in opposite directions.
Gas prices may decline further in coming weeks as the unusual disconnect between oil and gasoline prices continues.
"The public shouldn't correlate these high prices in crude oil to what is going to happen in their local" gas stations, Oil Price Information Service (OPIS) analyst Tom Kloza says.
The nationwide average price of a gallon of regular gasoline was $2.876 Tuesday, down more than 8 cents from a week earlier and 34 cents below the recent high seen on May 21, the Energy Department said.
Average prices were under $3 a gallon in 36 states, according to a separate survey from OPIS and motorist club AAA. Prices were lowest in Ohio, where the average was $2.67 a gallon, and highest in Hawaii, where the average was $3.24 … http://www.usatoday.com/money/industries/energy/2007-07-30-oil-prices_N.htm?csp=34