Posts Tagged ‘oil savings’

Crude falls below $78 a barrel

October 12th, 2008

Cheaper oil is bright spot in financial crisis
By Erin Ailworth
The price of crude oil fell to its lowest level in more than a year yesterday, which should lead to further gasoline and heating oil savings for Massachusetts consumers.
Crude oil, which peaked at about $145 a barrel during the summer, dropped $8.89 to [...]

Lower Demand and Falling Oil Prices Unlikely to Prompt OPEC Action: Abraham Energy Report

October 7th, 2008

By Tom Doggett
WASHINGTON, Oct 6 (Reuters) - U.S. retail gasoline prices fell 15 cents a gallon over the last week, dropping below an average $3.50 a gallon for the first time in six months, the government said on Monday.
The national price for regular unleaded gasoline is $3.48 a gallon, up 71 cents from a year [...]