Wednesday, July 15, 2009

Good News On Gas Prices

By Robert Gammon
Wed, Jul 15, 2009 at 10:53 AM

Gas prices may remain under $3 for the foreseeable future, because the price of oil has plummeted significantly in recent weeks. According to the Chron, the average price of gas in California has dropped to $2.89 a gallon, down from the year's high of $3.03 set last month. At the same time, oil prices plunged to just $59.79 per barrel on Tuesday, down substantially from the $73 peak in June. Experts attribute the oil price drop to concerns that the recession will last longer than some economists had expected.


Subscribe to this thread:

Add a comment

Anonymous and pseudonymous comments will be removed.

Readers also liked…

Most Popular Stories

© 2019 East Bay Express    All Rights Reserved
Powered by Foundation