Monday, July 28, 2008

Gas stays below $4 for second straight day

Gasoline prices declined for the 10th straight day, staying below the $4 mark for the second day in a row.

Gas prices declined for the 10th straight day, staying below $4 a gallon, according to a nationwide survey Sunday by motorist group AAA.

Gasoline: The price of regular unleaded gasoline dropped a penny to $3.970 a gallon on average, according to AAA's daily survey of credit card swipes at filling stations.

Americans have seen their pocketbooks stretched thin on the back of record high fuel prices and the churning economy. Gas prices have stayed above $4 for nearly two months, having first crossed the mark on June 7, when prices hit $4.005 a gallon.

Surging oil prices kept gas on an upward trajectory, with prices hitting a record high of $4.114 on July 16. Prices stayed there for two days before starting to retreat.

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