Oil, gas prices continue decline

Tools

Oil, gas prices continue decline

NEW YORK (AP) - Oil prices have traded under $90 a barrel for the first time in eight months. Traders expect the widening financial crisis could drastically reduce global demand for energy.

Light, sweet crude for November delivery was recently down $3.06
to $90.82 a barrel on the New York Mercantile Exchange.

Oil prices have tumbled nearly 40 percent since peaking in July. A significantly stronger dollar also weighed on prices.

At the pump, auto club AAA says the average price for regular
unleaded is down to $3.50 a gallon. That is down 61 cents a gallon
from the record seen in mid-July.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

View comments

The following comments do not necessarily represent the views of NBC Augusta 26 | news, weather, sports, community, entertainment, shopping for Augusta, Georgia. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited.

Monday, Oct 6 at 1:05 PM teresa wrote ...

I guess I'm dumb on this, but last year when barrels were around $92., we were paying around $3. a gallon, and now price per barrel has dropped again and they say "oh you wont see the price for at least 2 weeks", but when something major happens,BOOM up goes the gas prices and we used to be cheaper than FLA. not now. people say oh prices are up 'cause of gas, companies want raises cause of gas, but when gas drops , they dont then gas rises again they want another raise. GUESS I'M DUMB HMMMM

8851293 Inappropriate? Alert Us!

Monday, Oct 6 at 2:27 PM Bill wrote ...

I guess they call that the Reagan effect!

8854683 Inappropriate? Alert Us!

Monday, Oct 6 at 9:56 PM Message to Teresa wrote ...

Teresa, you're an adult...use some common sense and basic grammar skills before you post a comment.

8869383 Inappropriate? Alert Us!

Thursday, Oct 9 at 10:46 AM Msz.NiCOlE wrote ...

Gas prices, now tell me wat you think well i think that gas prices is so horrible now a days its crazy. Obama really wants to lower gas prices but i dont think that he can and if he can then that would be great makin gas prices 100 and somethin a barrel is sickning soon or later you will see people walking or catchin the bus or even ridin bike but the economy is so high we might not even be able to afford them...lol...its not funny but it is.

8977899 Inappropriate? Alert Us!

Add a comment

Name:

Comment: 500 Characters Left

WAGT and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. Comments are posted on site immediately and without station moderation. If you feel a comment is inappropriate you may flag it for review. For guidelines on flagging comments see our Terms & Conditions. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

I have read and agree to the terms

Hide comments

More Good Stuff

WAGT Weather

Click here for 7 Day Forecast
Icon
Current Temp 50.0 °F
Fair
More Weather

WAGT Weather

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

On Demand

NBC Augusta 26 RSS FeedsNBC Augusta 26 Twitter Feed NBC Augusta 26 Facebook Page NBC Full Shows Online

Viewer Poll

Do you plan to go shopping the day after Thanksgiving?

  • Yes
  • No
  • Undecided