Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Phew! Gas Sinks Below $4

Diesel down as well, but still high; ethanol hovers in the low $3 range

By Harry Kimball,  Newser Staff

Posted Jul 26, 2008 1:04 PM CDT
Email

(Newser) – Gas prices dipped below $4 today for the first time in almost 2 months, CNN reports. A survey by AAA showed that a gallon of regular cost an average of $3.983, 2 cents lower than yesterday. The move continues a trend over roughly the last week in which prices have dropped 10 cents, and they could fall an additional 25 cents by the end of summer, AAA says. The drop mirrors a similar fall in the cost of crude oil.

"We think it is primarily in reaction to the drop in demand by American consumers," said a AAA spokesman.



Low prices in Texas.
"Low" prices in Texas.   (AP Photo)
Gas prices may be down, but diesel is still way over $4.
Gas prices may be down, but diesel is still way over $4.   (AP Photo)
With oil prices resuming their slide Wednesday, July 23, 2008, many gas stations in Miami were posting prices under $4 per gallon.
With oil prices resuming their slide Wednesday, July 23, 2008, many gas stations in Miami were posting prices under $4 per gallon.   (AP Photo)
Even in Alaska, prices are falling.
Even in Alaska, prices are falling.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

In case you were wondering, it's connected to crude
Associated Press

Wow: truckers were crying when diesel was $3.83
International Herald Tribune

US • Money

 
ethanol • diesel • American Automobile Association • gas prices • E 85 • automobile

More Newser Stories

EPA Refuses to Lower Ethanol Quota

Corn-Hungry Texas Calls for Cuts in Biofuel Mandates

Gas Crunch Steers Soaring Hybrid Sales

Gas Use Hits Record Low, Prices Still Sky High

Goodbye, RV: Hello, Real Travel
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne