Crude Oil Prices Fall Yet Again
September 15th, 2006 | by Brian Carr |The price of a barrel of crude oil continued its relative free fall today, losing $.12 to close the day at $63.10. Today’s mild loss is due to OPEC lowering its oil demand forecast for the remainder of the year.
For the eight of the past nine trading days, oil has closed lower than the previous day’s close, and the overall price has fallen roughly 10% in that span, and nearly 20% off of its all-time high of $78.40 set on July 14, 2006.
As expected, the national average price for a gallon of regular unleaded gas continued falling today, and now stands at $2.52, $.02 lower than yesterday
SOCIAL BOOKMARK
One Response to “Crude Oil Prices Fall Yet Again”
By pete on Jan 15, 2007 | Reply
How nice it is for fuel to be so cheap and falling in the U.S, even though the barrel price has fallen the UK goverment will not pass on this saving to the driver and we still see that our fuel is still one of the most exspensive