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» Meet the new 'American Idol' judge

» Clooney raises money in Venice for Darfur victims

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» Prosecutor plays tapes of angry, cursing O.J.

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» Diddy and Beyoncé Moved to Tears By Obama's Victory

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» Prince wishes 'freedom' for every artist

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» Twilight Sucks Up Huge Box Office Bucks

» Doctor: DJ AM, Blink-182's Barker severely burned in crash

» Fey on this week's 'SNL' plans: 'I don't know'

» Movie paints picture of catastrophic future

» Newman’s Favorite Role: Philanthropist

» Jessica Simpson Talks About Abuse, Wants to Make Babies

» New 'Idol' Judge Starred in Reality TV Bomb

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» Dave Matthews Band saxophonist dies, spokeswoman says

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» PETA Steps Into Hogan Fight: Is Linda Lying About Her 'Fake' Fur?

» Solange Snaps On Live TV: Don't You Dare Call Her Beyonce's Sister!

» Lindsay Lohan's Dad Wants Samantha Ronson Out of Her Life

» 'Mentalist' performs real trick: it's a TV hit

» Best-Selling Author Michael Crichton Dies

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» FBI Calls Case an 'Honor Killing,' Upsetting Muslim Group

» Palin Goes After Obama on Coal Comments

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» Lehman Brothers To File For Bankruptcy

» Understanding the Drop in Cancer Cases

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» GOP faces identity crisis in months ahead

» Hurricane Gustav begins to pound Louisiana

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» Economy Shed 159,000 Jobs in September

» Politics, fear spell doom for bailout

» Border Clashes Add to US-Pakistani Tensions

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» Oil prices fall -- will groceries follow?

» Supreme Court Divided On TV Profanity

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» Search continues for 2 men in frigid waters

» Fed: Emergency cut

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» It's official: Recession since Dec. '07

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» House Democrats plan second economic stimulus package

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» Taliban split with al Qaeda, seek peace

» Fishing industry hurting in La.

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» Spain: Son of Osama bin Laden deported

» Long lines, glitches reported during early voting

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» McCain Defends Health, Campaign Tactics

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» North Korean nuclear plant seals removed

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» Palin details plan for special-needs kids, blasts Obama on taxes

» Meltdown: A global warming travelogue

» FBI Warns of 'Anthrax' Letters Sent to Media Outlets

» Opening Statements Start in Fort Dix Plot Trial

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» Possible Citigroup Sale Perks Up Wall St.

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» Some optimism for global markets

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» Peterson claims desertion, meets with divorce lawyer

» Cindy McCain goes on the attack

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» Tina Fey reprises Palin role in 'SNL' debate sketch

» Bailout: Senate to vote Wednesday

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» Hurricane Omar nears Puerto Rico with 75-mph winds

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» Obama to fill out national security team

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» Study Links Sex In Shows To Teen Pregnancy

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» As debate nears, concerns about Palin's readiness

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» Bush, Fed chair push for rescue

» Exxon Mobil: Biggest profit in U.S. history

» Columbia University to Vote on Allowing Military Training Program on Campus

» Stocks set for rebound

» Ukraine Democracy Could Cool Its Bid for NATO Membership

» Ike Strengthens Into 'Extremely Dangerous' Category 4 Hurricane

» Falling oil prices? Food won't necessarily follow

» Citigroup to cut more than 50,000 jobs

» Boy Sought After Drug Deal Kidnap In Vegas

» U.S. Encouraged By N. Korea Nuke Actions

» Sarah Palin appears on 'Saturday Night Live'

» JetBlue reopens evacuated terminal at JFK in New York

» Palin aide says Obama backers politicizing Alaska investigation

» Ike blamed for 27 deaths from Texas to Midwest

» OJ Simpson's Fate Rests with Las Vegas Jury

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» Bomb Kills 1 In Georgia Law Office

» 'Irrational' behavior drives gas prices more than Ike

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» China accused over iTunes outage

» Mars Lander Finds Evidence of Past Water, Spots Snow

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» Wireless recharging one step closer to reality

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Gas prices ease for 8th straight day

09/08/2008

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Prices edge lower even as Tropical Storm Hanna dumped heavy rain up and down the east coast. Prices remain 83 cents above year-ago levels.

NEW YORK -- Gasoline prices continued to decline, easing for the eighth straight day, as Tropical Storm Hanna dumped heavy rain on the entire eastern coast of the United States, according to a nationwide survey of gas station credit card swipes.

 

The average price of regular unleaded gasoline fell 0.7 cents to $3.658 a gallon from $3.665 a day earlier, motorist group AAA said Monday.

 

With Hanna gone, Hurricane Ike is now front and center and on a path toward the Gulf of Mexico. The Category 2 storm could regain strength as it heads toward the Texas/Louisiana border, according to the latest hurricane center track map. Gas prices eased in both those states. Prices also slipped in the Carolinas and Georgia.

 

Nationwide, Alaska and Hawaii remained the two states with gas prices still tracking above $4 a gallon. The cheapest gas was now found in New Jersey, where prices averaged $3.431 a gallon.

 

Crude prices have trended lower amid heightened concern about weakening demand. Last week, oil prices fell to their lowest level in five months. Worries about Ike pushed prices up early Monday. Crude futures for October delivery rose $1.10 a barrel to $107.33.

 

Meanwhile, Gas has fallen about 46 cents from the record high average of $4.114 that AAA reported on July 17, but they are still 83 cents above this time last year.

 

Also, Americans had cut back on driving during the typically heavy traffic summer months. In fact, demand for gas dropped off by 3% to 4% during the June-to-August period and driving decreased during the same time frame. It remains to be seen whether the trend will hold.

 

 

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