The price of crude oil fell almost $2 a barrel early today, to below $120 a barrel, in New York trading. The stronger U.S. dollar and expectations of weaker U.S. consumer spending weighed on the price of oil. (AP in Yahoo! Finance) The price of gas in the U.S. has fallen, too, to an average $3.88 a gallon, the Energy Department said yesterday. That’s the lowest price since May 19. (Los Angeles Times)
The bottom line
August 5, 2008
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