Retail gas prices fell 11 cents in week
Posted on: Monday, 12 September 2005, 15:31 CDT
WASHINGTON (Reuters) - The average retail nationwide gasoline price fell sharply in the latest week to $2.96 a gallon, one week after surging nearly 50 cents a gallon due to Hurricane Katrina, the U.S. government said on Monday.
The national average pump price for regular unleaded gasoline fell 11.4 cents, according to a weekly survey of more than 800 service stations by the Energy Information Administration. The new price is $1.11 per gallon higher than one year ago.
When adjusted for inflation, the most expensive price at the pump was $3.12 a gallon in March 1981.
Source: REUTERS
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