GAS PRICES CONTINUE DOWNWARD TREND!

By Dale JewettAutomotive News / May 13, 2005

DETROIT -- Gasoline prices continued inching downward over the past three days. Larger drops could be around the corner as the price of a barrel of crude oil for future delivery skidded below $48 on Friday morning. On Tuesday, the price stood at more than $52 a barrel.

The average price of a gallon of unleaded gasoline was $2.18 on Friday, according to AAA, based in Hawthorne, Fla. That was where the price stood earlier in the week, but down 9 cents from a month earlier. Drivers with a diesel engine under the hood were paying an average of $2.31 a gallon, down 1 cent from earlier in the week and down 7 cents from a month earlier.

AAA monitors credit-card transactions at 60,000 self-serve fuel stations nationwide. It posts its findings at www.fuelgaugereport.com. Volunteers who report to GasPriceWatch.com said that the most expensive gasoline in the nation was found in Bridgeport, Calif., at $3.19 a gallon. A cheap fill up could be found in Catlettsburg, Ky., where a gallon of unleaded was priced at $1.77.