Monday, October 13, 2008

Gas Prices Fall


While the stock market struggled to hang on Friday the price of crude oil fell significantly. Closing in on nearly $3 for a gallon of gasoline oil saw a drop of 35 cents. According to the Lunberg survey that was conducted over the weekend we can expect for gas to continue to fall if there is no spike in prices soon and the reasons are, "Gasoline demand will continue to shrink in our weak economic condition, and retailers, who have been receiving deep buying price cuts, will be anxious to pass through any further price cuts they receive quickly. They need the sales." For this and other news please go to http://www.foxnews.com/ or http://www.cnn.com/.

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