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Relief at pump ahead for NY area drivers

8:03 AM, Nov 6, 2012   |    comments
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NEW YORK (AP) - Drivers across the U.S. are seeing lower gasoline prices. And experts say that trend should remain in place.

The price of gasoline fell 7 cents this past week and has declined almost 9 percent in a month to $3.47 per gallon. The national average should be only slightly higher this Election Day than a year ago. That's due to a dramatic drop in the price of wholesale gasoline and low demand from cautious consumers.

Analyst Tom Kloza says even people in the Northeast, who have been waiting in long lines, should see some relief.

Kloza predicts that within a week, many commuters across the country will be paying less to fill up than at this point last year. The national average is currently about 6 cents higher than a year earlier.

 

 

 

 

 

 

 

 

 

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