October 13, 2008

U.S. gasoline price marks biggest drop ever: survey | U.S. | Reuters

U.S. gasoline price marks biggest drop ever: survey | U.S. | Reuters

I traveled in Maine last week and on Saturday regular gas in the Ellsworth area was under $3.00/gallon and diesel was $3.60, lowest it's been in a long time (a price war perhaps?). Back in Vermont regular gas was $3.35 and diesel in Plainfield was 3.70. My oil dealer filled my tank a few days ago and fuel oil was $3.20, again lower than in a long time.

The world financial crisis is nasty indeed, but has this one tiny redeeming value. Petroleum prices are dropping quickly.

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