Wednesday, October 15, 2008

U.S. retail gasoline price hit the largest decline

A U.S. market analysis agency announced on the 12th, the U.S. retail gasoline prices have recently emerged the largest decline in two weeks. Lundberg Survey Inc. of the United States earlier survey of about 5,000 gas stations nationwide in retail gasoline prices nationwide showed that the average retail price of unleaded petrol from two weeks ago, fell to 3.6582 U.S. dollars per gallon on October 10 a gallon 3.3079 U.S. dollars, down 35.03 Cents. During this period the average U.S. retail price of gasoline changes in the expression for the metric units, from about 0.94 U.S. dollars per liter fell to 0.85 U.S. dollars per liter, down 9 cents per liter. Lundberg's survey of more than Trier Lundberg said: "The prices of crude oil, gasoline demand fell together led to the biggest-ever decline in gasoline retail prices." The company expects retail gasoline prices in December may be below 3 U.S. dollars per gallon, or 0.79 U.S. dollars per liter. 10 international oil prices fell below 80 U.S. dollars a barrel. Close to the day when the New York Mercantile Exchange, November delivery of light crude oil futures fell 8.89 U.S. dollars to close at 77.7 U.S. dollars per barrel, a recent 13-month low.

No comments: