Gas prices edge lower

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Gas prices edge lower
« Thread Started on Dec 21, 2008, 5:15am »

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Gas prices edge lower
Posted: 10:13 AM ET
NEW YORK (CNNMoney.com) — Gasoline prices dropped Saturday after four straight days of increases, according to a daily survey of gas station credit card swipes.

Regular unleaded fell 0.02 cents to a national average of $1.671 a gallon from Friday’s $1.673, according to motorist group AAA.

A week ago, gas prices started rising for the first time in nearly three months, according to AAA. They briefly retreated before resuming their upward climb through most of this week.

Gasoline prices have largely dropped along with the price of crude oil, which has lost more than $100 a barrel since hitting a record high of $147.27 in July. Gas prices also hit a record of $4.114 a gallon in July.