20 October 2008 19:12 [Source: ICIS news]
HOUSTON (ICIS news)--The US national average for retail gasoline prices has slipped below $3/gal (€0.59/litre) for the first time in eight months, the American Automobile Association (AAA) said on Monday.
Crude values have since tumbled by around 50%.
The year-ago average was $2.82/gal, AAA said.
The average retail price for diesel has fallen to $3.64/gal currently from $4.14/gal one month ago and a peak at $4.85/gal, also set on 17 July, the association said.
US gasoline prices can have a significant influence on pricing in aromatics and other chemicals markets.
($1 = €0.75)
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