Gasoline prices fall as crude retreats
Gasoline prices continued their recent declines over the weekend, with the average for a gallon of regular falling by a penny to $3.10 today in Philadelphia, and by a cent in South Jersey, to $2.88, AAA Mid-Atlantic said.
Gasoline prices continued their recent declines over the weekend, with the average for a gallon of regular falling by a penny to $3.10 today in Philadelphia, and by a cent in South Jersey, to $2.88, AAA Mid-Atlantic said.
At the same time, the national average fell two cents, to $3.01 per gallon, the auto club said.
Crude oil Oil prices, meanwhile, fell today in Asia as concern over the U.S. economy drove down regional stock markets and outweighed concern that OPEC will resist pressure to raise crude production levels, the Associated Press reported.
Oil prices have now retreated more than $10 from a record above $100 a barrel early this year on worries a flagging U.S. economy would dampen fuel demand. Prices had gained Friday on hopes that President George W. Bush's economic stimulus plan would work.