Monday, October 20, 2008

Relief at the Pump: Gas Drops Record Amount

Cars.com via Mish's Global Economic Analysis:

Turns out, 33 cents in one week is the biggest price drop in the history of anyone paying attention to the national average price of a gallon of gas. Currently, the national average price is $3.12, according to AAA. With the price of oil below $80 a barrel, this price could come down even more over the next few weeks, bringing $3 gas back into sight.
Source: EIA