Gas prices continue below $2
« Thread Started on Dec 3, 2008, 7:26am »

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Gas prices continue below $2
Posted: 08:03 AM ET
By Kenneth Musante
CNNMoney.com
NEW YORK (CNNMoney.com) — Gas prices have been in decline for the past
77 days as the slowing economy has driven down the price crude oil, according
to a daily survey that was released Wednesday.

The national average price of regular unleaded gasoline slipped 0.9 cents
to $1.803 a gallon, according to motorist group AAA, which released the survey
of credit-card swipes at gas stations.

Gas prices have fallen more than 56 percent since hitting a record high
of $4.114 a gallon on July 17. Wednesday’s average price was the lowest since
Jan. 14, 2005, according to AAA.

Since July, the price of crude oil on the open market has plummeted more
than 65 percent as energy investors worried that the slowing global economy
would dramatically reduce the demand for fuels.