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.

Most Popular Stories

Best of the East Bay

2020

© 2021 Telegraph Media    All Rights Reserved
Powered by Foundation