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US Sees First Gas Price Drop of Year

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posted on Jun, 14 2004 @ 07:11 PM
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A boost in gasoline production and a dip in oil prices have led to the first nationwide drop this year in gas prices at the pump, an industry analyst said Sunday.


apnews.myway.com...

I guess this means the oil will run out faster. My understanding is the increase in prices drove down demand, which then drives down the price.




posted on Jun, 14 2004 @ 07:20 PM
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I was laughing when I read the news article that says the average price of a gallon of gas is now under $2.00. Here in Southern California the price of a gallon of gas is about $2.31 for the crappiest grade, 87 octane.



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