Sunday, October 7, 2007

Gas Prices

You may have noticed a slight dip in gas prices at the pump lately.

Don't get too excited. In the last couple of weeks, prices dropped an average of 4 cents a gallon. And, while that's good news, it loses its luster when you realize that gas prices were about 47 cents lower per gallon at the same time last year. And the Lundberg Survey's publisher, Trilby Lundberg, warns that this does not represent a "trend for the future."

Nationally, the average price of a gallon of regular unleaded gasoline was $2.75. The best price to be found was in Newark, N.J., where that same gallon cost $2.52. The highest price was in Honolulu, where drivers could expect to pay $3.09.

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