Posted by
Reeson on Tuesday, January 16, 2007 1:42:18 PM
Isn't this great? I saw gas near my today for $1.99 per gallon. And to think I told my wife over the summer that the days of gas at less than $2.00 per gallon were gone. Excerpts from USA Today:
The average retail price of a gallon of regular gasoline fell 4 cents from Friday to Monday to $2.233, according to auto club AAA and the Oil Price Information Service. That's the biggest drop over a three-day period since the end of September.
Gas prices are down 4% this year. The price of a barrel of oil trading in the USA for delivery the next month has dropped about 15%.
More relief for drivers is likely on the way. Average retail gasoline prices are expected to drop a dime or more over the next few weeks, say a number of energy analysts, including those at Wachovia, A.G. Edwards and Moody's Economy.com.