09-26-2005, 12:04 AM
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Conservative Socialist
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Real Name: Brandon
Location: Phoenix, AZ
Hybrids: 1997 Civic HX
Posts: 878
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Re: Rita Could Send US Gas to $5 a Gallon
Maybe there's hope after all:
U.S. Retail Gas Prices Drop 20 Cents
Quote:
CAMARILLO, Calif. (AP) -- Retail gas prices dropped an average 20 cents in the past two weeks because of decreased demand and a comeback by Gulf Coast refineries that were hurt by Hurricane Katrina, according to a nationwide survey released Sunday.
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Demand also played a role in the recent gas price drop, Lundberg said. Demand is virtually nonexistent in places like New Orleans, where residents have evacuated because of rising floodwaters. Meanwhile, motorists in other parts of the country, stung by the recent price spike, are consuming less gas, Lundberg said.
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