CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Gas nears 19-month low

Gas prices dip for 40 straight days to settle at $2.668 as Americans drive less, consume less gas.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Lara Moscrip, CNNMoney.com contributing writer

It hasn't been officially called, but do you think we're in a recession?
  • Yes
  • No
  • Not sure

NEW YORK (CNNMoney.com) -- Gasoline prices fell overnight, settling to the lowest prices in nearly 19 months, a survey for the American Automobile Association showed Monday.

The national average price for a gallon of regular gas fell to $2.668, down three cents from the day before, according to AAA's Daily Fuel Gauge Report. The last time the prices were this low was March 31, 2007 at $2.6591 a gallon.

Today marks the 40th straight day that prices have dropped. Gas is down 35.15%, or $1.446, from the record-high price of $4.114 that AAA reported in mid-July. Gas is down 27.24%, or 99.9 cents, from the month ago average.

On Oct. 18, the average price dropped below $3 a gallon for the first time in nearly nine months.

Alaska has the most expensive gas in the nation at an average of $3.730 a gallon, while Oklahoma has the cheapest gas at $2.249 a gallon.

Demand for gas is dropping, as Americans drive less and consume less gas compared to last year. In August, Americans drove 5.6% less, marking the biggest single-month decline in miles traveled since the government started collecting the data.

U.S. crude for December delivery ended the day down 93 cents to to $63.22 a barrel in New York, the lowest price since May 29, 2007 (full story). To top of page

Features
Markets Last Change
Dow Jones 10,226.94 203.52 / 2.03%
Nasdaq 2,154.06 41.62 / 1.97%
S&P 500 1,093.08 23.78 / 2.22%
10-year Bond 101 4/32 Yield: 3.48%
U.S.Dollar 1 euro = $1.500 0.000
November 9, 2009 4:03 PM ET
CompanyPrice% Change
Sprint Nextel Corp 3.28 15.09%
Radioshack Corp 20.23 14.04%
TRW Automotive Holdings Corp 22.95 11.46%
Unisys Corp 33.82 9.13%
Nov 9 3:53pm ET †
More Galleries
What I bought with my $8,000 tax credit These 7 new homeowners stepped up their house-hunting to take advantage of the first-time buyer tax credit. More
Then and now: 'The worst slum in America' Charlotte Street in New York City's South Bronx was once world famous for its blight. Now it's a slice of suburbia in the inner city - complete with Beemers and boats. More
Hope for homeowners Critics thought homeownership would never work in the South Bronx. They were wrong. Tour the one house currently for sale on Charlotte Street. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.