Down, Down, Down

By: 23 Weekend News
By: 23 Weekend News

There is another dip in gas prices over the past two weeks, according to the Lundberg Survey.

The price drop is due to an increase in crude oil supplies combined with the recovery of U.S. offshore oil production after Hurricane Ivan. The combined national price for all grades of gasoline dropped nearly three cents per gallon to $1.96.

Lundberg says as long as there isn't a sudden run on heating oil due to cold weather, and OPEC does not cut its oil supply, "It's very probable that gasoline prices will keep falling."


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