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Originally posted by Forest
Here in Oregon I believe the average for a gallon of regular is about $2.94, last month it was nearly 4 bucks. The lowest I've seen today was around $2.38 for a gallon of reg.
Originally posted by FerTheBetter
yea people will pay the price of but thats cause they got things to go like work and other things,
UPDATED: 07:50, September 16, 2006
The Los Angeles metropolitan area saw a drop of gasoline prices under three dollars a gallon this week, the Automobile Club of Southern California reported on Friday.
"The declining price of oil at 63 dollars per barrel, or 10 dollars less than in July, is fueling the steep decline in gasoline pump prices," club spokeswoman Carol Thorp said.
"Also, the price of oil per barrel is falling as futures traders ponder the consequences of a reduced demand for energy and weigh the possibility of an economic slowdown."
The price of Brent North Sea crude fell to $61 yesterday, the lowest level since March last year, even after the Organisation of Petroleum Exporting Countries (Opec) decided to cut output by 1.5 million barrels a day in an attempt to shore up prices.