October 24, 2005
06:58 pm
NEW YORK (Reuters) - The average retail price of a gallon of gasoline in the United States plunged more than 25 cents in the past two weeks, as refining capacity was restored and demand slowed, a survey showed on Sunday.
The national average for self-serve, regular unleaded gasoline was $2.6587 a gallon on October 21, down about 25.3 cents per gallon from October 7, according to the nationwide Lundberg survey of about 6,000 gas stations.
"This is the biggest drop in a two week period that we have ever seen in our many decades surveying the gasoline market, survey editor Trilby Lundberg said.
Supply is up due to restoration of refining capacity, which was damaged during Hurricanes Katrina and Rita, Lundberg told Reuters.
http://today.reuters.com/news/newsA..._US-ENERGY-GASOLINE-RETAIL.xml&archived=False
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I just wanted to point out that in spite of the worst Hurricane Season anyone can remember, and we do acknowledge help, we are recovering our gas and oil equilibrium.
Uncle
06:58 pm
NEW YORK (Reuters) - The average retail price of a gallon of gasoline in the United States plunged more than 25 cents in the past two weeks, as refining capacity was restored and demand slowed, a survey showed on Sunday.
The national average for self-serve, regular unleaded gasoline was $2.6587 a gallon on October 21, down about 25.3 cents per gallon from October 7, according to the nationwide Lundberg survey of about 6,000 gas stations.
"This is the biggest drop in a two week period that we have ever seen in our many decades surveying the gasoline market, survey editor Trilby Lundberg said.
Supply is up due to restoration of refining capacity, which was damaged during Hurricanes Katrina and Rita, Lundberg told Reuters.
http://today.reuters.com/news/newsA..._US-ENERGY-GASOLINE-RETAIL.xml&archived=False
____________________________________________________________
I just wanted to point out that in spite of the worst Hurricane Season anyone can remember, and we do acknowledge help, we are recovering our gas and oil equilibrium.
Uncle
