Plunging oil prices continue to place downward pressure on prices at the pump.
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Theoretically, our gas prices should be approximately what Vancouver pays minus the 17 cents tax.
“As we enter the final stretch of the summer driving season, autumn still looks to bring a big drop in gasoline prices”. A decline in demand, refineries switching to winter-blend fuels and falling oil prices should cause a continued drop in price of gas. Joe area are averaging $2.87 according to Triple-A, while GasBuddy spotters put the average in South Haven much lower at $2.63. “Crude oil last week touched under $40 a barrel for the first time since the recession, and this week could bring prices that stay under that key level”.
The national average is $2.59 for a gallon of regular.
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In the St. Louis region, Sunday morning, Gas Buddy.com reported prices running around $2.19 per gallon. That’s about 66 cents less than at the same point a year earlier. Gas prices have fallen 64 of the last 67 days.
