U.S. weekly gasoline price falls four cents: gov't

Newswire

WASHINGTON, Dec 29 (Reuters) - The average U.S. retail gasoline price dropped four cents in the last week to $1.61 a gallon, the Energy Information Administration said on Monday. The national price for regular unleaded gasoline is down $1.44 from a year ago, the EIA said in its weekly survey of service stations. Fuel costs are falling due to cheaper crude oil and declining gasoline demand as a result of the weak economy. Gasoline demand was down 250,000 barrels per day in October, ...

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