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Gas Prices, Energy Futures Fall

Gas prices dropped below a national average of $3 a gallon over the weekend, while energy futures had their own decline on Monday on suggestions that OPEC may increase its output, according to the Associated Press.

Hasan Qabazard, research director of the Organization of Petroleum Exporting Countries, told Dow Jones Newswires he thinks oil is fairly valued at $60 to $65 a barrel, leading some to conclude the cartel may be open to reversing its long-held position that oil supplies are adequate.

Posted by   at 12:49 PM to Gas prices | Permalink

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