Aug 12, 2011
Oil prices continued to fall during the week but gasoline prices are taking bit longer to catch up.
Some motorists saw some relief as the national average of self-serve regular gasoline fell today to $3.60 a gallon, down $0.10 from $3.70, according to AAA.
The prices of oil fell around $82 a barrel this week as anxiety increased over the European debt crisis and mounting evidence that the economy in the U.S. is slowing once again.
Many oil analysts claimed for months that oil prices were overpriced, based on market fundamentals.
Oil & Gas Post
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