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Latest Business News

Gasoline Prices Fall to $2.50 Per Gallon

Monday, March 27, 2006 4:34:53 PM

WASHINGTON (AP) - The average retail price of gasoline fell last week by less than a penny to about $2.50 a gallon.

The federal Energy Information Administration said Monday that U.S. motorists paid $2.498 a gallon on average for regular grade last week, a decline of 0.6 cent from the previous week. Pump prices are 34.5 cents higher than a year ago.

Two weeks ago, average U.S. gas prices had climbed by 14 cents a gallon to their highest level since October.


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