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Gasoline prices could fall as crude oil wavers

The price of oil — within winking distance of $100 a barrel last week — has fallen and can't get up. Futures prices for light, sweet crude hovered around $88 a barrel Tuesday.

If prices continue at less than $90, gasoline retailers could afford to pass along the past week's 20-cent drop in their wholesale prices, according to USA Today. The price of oil accounts for roughly two-thirds the price of gasoline, the latest government data say.

Posted by Peter C. T. Elsworth  at 12:47 PM to Gas prices | Permalink

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