Monday, November 5, 2012

GASOLINE PRICES CONTINUE TO FALL: NOVEMBER 2012

Gasoline prices continue to fall as predicted just a couple days ago (Gasoline Prices Are Falling: November 3, 2012)http://stopcontinentaldrift.blogspot.com/2012/11/gasoline-prices-are-falling-november.html).

From Gas Prices Tumble at Quickest Rate  in 4 Years: Survey (https://www.cnbc.com/id/49692132):

 "Gasoline prices averaged $3.5454 per gallon on November 2, down 20.75 cents from October 19 when drivers were paying $3.7529 at the pump, Lundberg said."
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"Another reason for the total U.S. price decline in the latest survey is California, the biggest state consumer, where pump prices fell 49 cents in past two weeks after an extreme price increase a month ago because of refinery problems.

The November 2 survey shows that gas prices have fallen a total of 29.21 cents in the last month, Lundberg said.

The highest prices for regular gasoline recorded in the November 2 survey were in San Francisco at $4.05 a gallon, while drivers in Memphis, Tennessee were paying the least at $3.11 per gallon."

The station closest to our home in Seven Lakes, NC, is advertising $3.51/gal, a bit lower than the national average and $0.39/gal from its peak this year.

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