Saturday, July 26, 2008

Gas Prices: Below $4.00

Gas prices declined for the 9th straight day, falling below $4 a gallon for the first time in seven weeks, according to a nationwide survey Saturday by motorist group AAA.

The price of regular unleaded gasoline dropped 2 cents to $3.983 a gallon on average, according to AAA's daily survey of credit card swipes at filling stations.

Americans have seen their pocketbooks stretched thin on the back of record high fuel prices and the churning economy.

Average gasoline prices first crossed the $4 mark on June 7 when they hit $4.005 a gallon. Surging oil prices kept gas on an upward trajectory, with prices hitting a record high of $4.114 on July 16. Prices stayed there for two days before starting to retreat.

read the CNN story

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