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Gas prices down again slightly
November 9, 1997
Web posted at: 7:59 p.m. EST (0059 GMT)CHICAGO (CNN) -- Gas prices in the United States dropped less than a penny per gallon as a downward trend slowed and instability in the Middle East threatened to stop the decline.
The average price for all grades and services of gas was 126.14 cents per gallon on November 7, down seven-tenths of one penny from two weeks earlier, according to the Lundberg Survey of 10,000 stations nationwide.
Regular unleaded self-serve gas, which most Americans buy, averaged 130.84 cents per gallon, also down seven-tenths of a penny.
Prices have dropped during the past two months because of strong supplies and lower demand, said survey editor Trilby Lundberg. "Prices have been falling for two months but the cuts have slowed. Whether they will stop will depend on how nervous crude oil buyers get about Middle East problems," she said.
Related stories:
- Gasoline prices down nationwide - October 26, 1997
- Gas prices decline as summer ends - September 21, 1997
- Gas prices settling down - September 7, 1997
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