Sunday, December 14, 2008

Gas Price Decline Ends After 86 Days

Gas prices rose for the second consecutive day following eighty-six consecutive declines.

The national average price for a gallon of gas rose Sunday to $1.663 a gallon Sunday from $1.66 a gallon Saturday, according to a daily survey of credit card swipes conducted for motorist group AAA. The average price was $1.656 on Friday.

During the nearly three months that gas prices were falling, prices decreased by $2.199 or 57 percent. The current national average is now $2.454 below or 59.6 percent off the record high price of $4.114 that AAA reported on July 17, 2008.

According to AAA, the last time the national average price for a gallon of regular unleaded gasoline was near the current price was February 23, 2004, when the national average was $1.66.

read the CNN story



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