Gas prices decline across the board.
National retail fuel price averages
|
Price |
Change from last week |
| Regular gasoline/gallon |
$3.96 |
↓ .11 |
| Diesel fuel/gallon |
$4.60 |
↓ .12 |
Regional regular gasoline prices
|
Price |
Change from last week |
| East Coast |
$3.96 |
↓ .08 |
| -New England |
$4.00 |
↓ .11 |
| -Central Atlantic |
$4.00 |
↓ .07 |
| -Lower Atlantic |
$3.92 |
↓ .08 |
| Midwest |
$3.83 |
↓ .15 |
| Gulf Coast |
$3.86 |
↓ .09 |
| Rocky Mountain |
$4.06 |
↓ .05 |
| West Coast |
$4.25 |
↓ .12 |
| -California |
$4.32 |
↓ .14 |
Source: Energy Information Administration, 7/28/08
For more information on saving fuel see our reports on how to get the best gas mileage and where to find the cheapest gas.
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Posted by: Danny Maynard | Aug 6, 2008 9:33:22 PM
As I was reading on the internet I came upon this http://articles.moneycentral.msn.com/Investing/Extra/HowMuchOilIsThereReally.aspx note how much the Oil CEO’s say a barrel of oil should be…..35, 65 and 90 dollars.
On June 23rd on Cspan I saw the following hearing, http://energycommerce.house.gov/archives/archivedWebcasts.shtml click on June 23, 2008 Subcommittee on Oversight and Investigations Hearing on “Energy Speculation: Is Greater Regulation Necessary to Stop Price Manipulation? – Part II”
In the above hearing on June 23rd you will hear the panel before the Subcommittee saying that a barrel of oil should be in the 60 dollar range. And they said that Speculation in the Stock market is the reason the price is $140 a barrel. A question comes to my mind and that is… why would Speculators be allowed to do this as our Country is reeling from the high prices of everything …food, gas, etc.
Interesting isn’t it.