Monday, February 16, 2009

Gas Prices

Cheaper crude = cheaper gasoline

AP — Crude oil prices have fallen to new lows for this year. So you'd think gasoline prices would sink right along with them. Not so.
On Thursday, for example, crude oil closed at just under $34 a barrel, its lowest point for 2009. But the national average price of a gallon of gas rose to $1.95.
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GAS WATCH: Stimulus package may stabilize market prices

Delmarva Media — Gasoline demand is predicted to drop to the lowest level seen in almost 30 years but the price at the pump continues a steady rise.
Representatives of AAA Mid-Atlantic said the upcoming passage of the economic stimulus package could stabilize market prices for oil and gasoline
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Low oil prices are not translating into low gas prices

USA Today The economy is in tatters. Oil prices are plunging. So why are gasoline prices closing in on $2 a gallon again?
The national average price for a gallon of regular gasoline was $1.97 Sunday, according to the Oil Price Information Service (OPIS) and AAA. That's up 22% since pump prices hit a five-year low of $1.61 on Dec. 30
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