U.S. gasoline prices have likely hit bottom: Govt
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U.S. retail gasoline prices appear to have bottomed out now that crude oil costs are rising again, and pump prices are expected to start climbing, the government's top energy forecasting agency said on Wednesday.
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U.S. gasoline supplies dropped last  week to their lowest level since Hurricane Katrina slammed into  Gulf Coast refineries two years ago, the U.S. government said  on Thursday.
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The average retail cost of gasoline in  the United States fell over the past three weeks, but a 12-week  trend of lower pump prices is expected to turn around soon,  according to an industry survey.
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Higher U.S. gasoline prices may slim more than just wallets, according to a new study from Washington University in St. Louis.
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Oil prices fell below $48 US a barrel Wednesday after the US government reported increases in the US supply of crude oil and distillate fuel, which includes heating oil.
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Americans faced higher gas prices and eroding wages, even as an important gauge of inflation drifted lower.
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The average U.S. retail price of  gasoline fell 2.67 cents in the past two weeks, its first  decline since early September due to increased crude oil  production, a leading industry analyst said on Sunday.
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Some Americans are suspicious that recent steep declines in gasoline prices might be the result of political manipulation, since the savings at the gas pump come just weeks before critical midterm US elections.
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The average U.S. retail gasoline  price fell to $2.38 a gallon, dropping for the seventh week in  a row, and could decline another 23 cents by mid-October, the  government said on Monday.
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Gas prices have dipped slightly since last month, but the good news at the pump might not last, an industry analyst said Sunday.
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The average price for a gallon of  gasoline in the United States fell below $3 due to less demand  and slightly lower oil prices, and was likely to hold steady,  according to an industry analyst.
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(Washington-AP) Aug. 17, 2004 - A drop in the cost of gasoline sent overall consumer prices down in July for the first time in eight months.
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The average price for a gallon of gasoline in the United States fell below $3 due to less demand and slightly lower oil prices, and was likely to hold steady, according to an industry analyst.
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The recent drop in prices at the pump could pick up steam, driving gasoline sharply lower in coming months, USA Today reported Wednesday.
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Consumer prices declined slightly in July, pulled down by an incongruous drop in gasoline prices and by lower prices in other less volatile areas.
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The average U.S. retail price of gasoline fell slightly over the last two weeks to about &#36;1.86 a gallon, restoring a trend of declines after a modest increase late last month, according to the nationwide Lundberg survey of about 7,000 gas stations released on Sunday.
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NEW YORK  The average price of a gallon of  gasoline fell 21 cents in the last two weeks.