Gas Prices Continue Slide
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US average retail gasoline prices fell over the last two weeks and are poised to slip even further as crude oil prices continue to tumble, an industry analyst said on Sunday.
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NEW YORK -- Oil prices plummeted below $44 a barrel yesterday, sinking for the fourth consecutive day, as supply fears receded, gasoline futures plunged and profit- taking took over.
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American motorists should expect   gasoline prices to slide another 10 cents at the pumps in the   next couple of weeks, tracking a steep decline in the price of   crude oil, the AAA motorist group said on Tuesday.
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Average retail gasoline prices have  fallen significantly in the past two weeks as crude dropped by  more than $5.00 a barrel and the summer driving season came to  an end, according to the nationwide Lundberg survey.
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Oil prices fell nearly $2 to just over  $43 on Wednesday, dragged down by heavy losses in U.S. gasoline  futures after summer driving demand failed to meet  expectations.
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Oil prices fell again on Tuesday, taking  U.S. crude below $53 a barrel, on signs that high energy costs  are slowing the economic growth that has fueled this year's  sharp increase in world oil consumption.
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Oil prices fell below $45 on Wednesday  dragged down by heavy losses on U.S. gasoline as summer driving  demand failed to meet expectations.
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Retail gasoline prices continued their slow retreat from their recent highs yesterday , but crude oil and gas futures advanced as concerns about refinery capacity persisted.
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The freefall in U.S. gasoline prices   continued as the average pump price dropped 12 cents over the   last week to $2.50 a gallon, the government said on Monday.
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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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Gas prices fell about 2 cents in the past two weeks, reflecting recent drops in the price of crude oil and plentiful supply, an industry analyst said Sunday.
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Gas prices in Alabama have declined slightly, following national trends. According to a survey by Birmingham-based Triple A-Alabama, prices as of Friday were down less than a penny and more than four cents from three weeks ago.
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U.S. retail gasoline prices fell below &#36;2 for the first time in five weeks and the cost of diesel fuel dropped for a third week, the Energy Department said on Monday.
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The average price for a gallon of gasoline in the United States fell more than 3 cents over the last two weeks as retailers and refiners saw shrinking margins in an oversupplied market.
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The price of a gallon of gasoline in  the United States fell over the last two weeks during a  seasonally slow consumption period, according to an industry  analyst.
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Gas prices fell another 3 cents during the past two weeks, to an average of $1.93 per gallon of self-serve regular, a national survey showed Sunday.
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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.