GAS DROPS TO $3.75 A GALLON IN THIS REGION
Drivers in Riverside and San Bernardino are paying 25 cents less than they were last month for a gallon of regular unleaded gas, according to the Automobile Club Of Southern California. But don't count on the prices falling for long. The average cost for gas in the Inland Empire on Thursday was $3.75, according to the weekly gas price index released by the Auto Club. Pump prices fell 4 cents in the past week, according to a news release. a weak dollar on foreign currency exchanges increased crude oil prices, which in turn will probably slow the drop in local gas costs, or potentially lead to increases, officials said. "Oil futures are traded in U.S. dollars, which means that when the dollar weakens, investors, including those holding those holding foreign currencies, get comparatively more oil for their money", said Auto Club spokesman Jeffery Spring, in a news release. "The makes crude oil a more attractive investment, which pressures prices upward. Today the price close to $100 a barrel"~
PE.com