Friday, December 16, 2005

Cheaper but still expensive

Drivers welcome lower prices at the pumps
By Blanca Torres
Drivers battered by gas prices that topped $3 a gallon during the summer finally are starting to see some relief, with some stations dropping below the $2 mark.
While that "bargain" price is not common -- the average price of regular unleaded in Oakland on Wednesday was $2.20 -- prices across the region have dropped sharply in a short time. Oakland's average price is an 85-cent plunge from the high of $3.05 on Sept. 10, according to AAA of Northern California.
"As gas stations compete for customers, as long as there is plenty of supply around, there is probably some room for retail prices to come down," said David Hackett, president of Irvine-based fuel consulting firm Stillwater Associates.

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