Car Zone, Auto World!
Add to Favorites  Make Homepage 
Auto-Motor-Car.com
[  Home  ][  Auto News  ][  Car Reviews  ][  Insure  ][  Finance  ]
NEWS REVIEWS ARTICLES FOR YOU
Auto News
Car Reviews
Auto/Motor/Car Home
Home of Auto/Motor/Car >> Articles
Position: Auto Articles - [Auto News] - Average Gas Prices Down 11 Cents
Updated: 04:10 p.m. EDT, June 25, 2007
Thanks for reading our article "Average Gas Prices Down 11 Cents", if you feel good, you may Paste this URL to your friends for sharing.

Average Gas Prices Down 11 Cents

Figures released on Sunday from a national survey of gasoline prices indicate an eleven cent drop over the past two weeks. Similar figures compiled by AAA confirmed the decrease.

According to the Lundberg survey, conducted by analyst Trilby Lundberg and sampling prices at 7,000 stations nationwide, the lowest prices available were in Jackson, Mississippi at $2.75 for regular with the highest recorded in Chicago at $3.39.

The national high point for regular was reached in May at $3.18. The current average regular price is $3 with mid-grade gasoline at $3.11 and premium sitting at $3.22.

The Lundberg survey, generated by an oil market research firm in California, included the caution not to anticipate significant price decreases in the immediate future but to look for a "modest downdrift."

Increased imports and refinery capacity has improved the tight overall condition of the gasoline supply but the annual period for peak driving, including the 4th of July holiday and Labor Day, will go on for another eleven weeks.

Oil prices fell on Monday, June 25 after unions ended a Nigerian strike where work had been shut down in the nation, Africa's largest producer of oil.

Lundberg pointed to the cessation of Nigeria's labor problems as a positive step that will "calm nerves in oil trading pits and allow crude oil prices to retreat a little."

By mid-day in Europe the price of light, sweet crude with an August date of delivery was down 79 cents to $68.35.




Auto Article Url: http://www.auto-motor-car.com/article_1237.htm
Back
Article Keywords: None
>> Search articles in Google with Average Gas Prices Down 11 Cents
>>Auto News Related Articles
>> Search more articles about auto, car, etc.
 
  • Senate Approves CAFE Bill
  • Hamann presents Fiat 500
  • 2009 Honda Fit making North American debut at the Ne...
  • TRD Tundra arriving to SEMA
  • GM introduces Stolen Vehicle Slowdown
  • Neal is quitting the family team
  • Hyundai revealed at the Motor Show in Geneva the HED...
  • The latest Atom generation is better
  • Jonathan Browning to lead the global sales, service ...
  • 2008 TT 2.0 TDI Quattro unveiled by Audi
  • >> Search articles in Yahoo: Average Gas Prices Down 11 Cents
    Home   Auto News   Car Reviews   Insure   Finance
    Aoto-Motor-Car.com - Provide auto news, car reviews and automobile news.
    [ About Us | Add to Favorites | Make Home ]
    Start at 2008, provide news and reviews of cars, automobiles, and motors.