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Gas Dips Below $2 In Ohio
POSTED: 9:11 am PDT October 27,
2008
UPDATED: 9:38 am PDT October 27,
2008
CINCINNATI -- After going over $3 per gallon, gas prices took months to fall below $3 again.The trip to back down to $2 took only 18 days, WLWT-TV in Cincinnati reported Monday.
More than a dozen stations along I-275 in Cincinnati had gas at $1.99 a gallon on Monday morning.
OPEC's decision to cut oil production by 1.5 million barrels a day hasn't managed to overcome a freefall in oil prices.The dropping prices combined with an almost-unprecedented drop in worldwide consumption to create the conditions that led to the falling gas prices.The fall in gas prices has been one of the few bright spots in a recently reeling economy, though economists warn that the falling prices aren't a good sign for everyone.For now, drivers are taking advantage while they can.Nationwide Monday, the average price of gas per gallon was around $2.67.
| Gas Prices Nationwide |
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Previous Stories:
- October 24, 2008: Lowest Reported Gas Prices In Tri-State Here!
- October 9, 2008: Gas Prices Fall Below $3 For First Time In Months
- August 31, 2006: Analyst: Gas Prices Could Be $2 By Thanksgiving
- May 20, 2004: Pump Patrol: Local Gas Prices Hit $2.13
- April 1, 2004: Gas Prices Rise Again; $2 Gallon Possible Soon
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