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24/7 Wall St declare : Oil Price Plunge Leads to Falling Gas Prices

collected by :Jack Alex

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Last week’s 9% decline in benchmark West Texas Intermediate (WTI) crude oil prices to below a three-month range between $51 and $54 a barrel led to the drop in pump prices.
The price of gasoline on Monday morning fell by about two cents a gallon compared with last week’s national average pump price for regular gasoline.
Compared with the same day last year, the national average price of $2.29 is 36.2 cents a gallon higher.
The five states where prices fell the most were Indiana (down 12 cents), Kentucky (9 cents), Ohio (9 cents), Michigan (8 cents) and Illinois (6 cents).
States posting the highest prices are Hawaii ($3.092 a gallon), California ($3.006), Washington ($2.832), Alaska ($2.764) and Oregon ($2.672).

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Tortoise Sees Rebound in Oil Price Coming Soon*/

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