Gas prices continue to fall after Sandy
Mon, 05 Nov 2012 16:45:06 GMT —
Despite Hurricane Sandy causing trouble in the New England region, gas prices continued to fall in several states including the Southeast.
A combination of demand dropping in the New England region due to Sandy and the European debt crisis strengthing the dollar.
"The good news is gas prices are forecast to continue their downward trend into the holiday season, however Sandy's aftermath has left many Americans without power and the need for fuel," said AAA spokeswoman Jessica Brady. "Gas prices in the Southeast fell an average of 10 cents from last week, causing each state but Florida to drop below year-ago levels.
A barrel of oil settled Friday at $84.86 on the New York Mercantile Exchange--$1.42 less than the week prior.