Gas prices near a two-year low
Consumers are getting some relief at the gas pump, particularly in the middle of the country, as prices could soon fall to levels not achieved since early 2011. The average price of a gallon of self-serve regular gas has fallen steadily every day for almost four weeks. Tuesday's $3. 24 a gallon reading from the AAA was the lowest price so far in 2012 and only three cents away from the price last reached in February 2011. Tom Kloza, chief analyst at the Oil Price Information Service, said that he thinks the chances are good that prices will reach that nearly two-year low, based on what he's seeing in the wholesale price market. OPIS compiles prices data from 120,000 stations nationwide for AAA.
People:
Tom Kloza
Overall Sentiment: -0.0799735
Relevance: 0.966367
| Sentiment | Quote |
|---|---|
| -0.307764 | "Crude oil in the middle of the country is less than $50 a barrel," said Kloza. |
| -0.307814 | "Crude oil in the middle of the country is less than $50 a barrel," said Kloza. "Once you get to the coast, the prices are higher, but we've got some very cheap domestic prices." |
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Additional Info:
FieldTerminology: oil prices
Overall Sentiment: 0
Relevance: 0.821783
FieldTerminology: gas pump
Overall Sentiment: 0.0975611
Relevance: 0.660744
FieldTerminology: Crude oil
Overall Sentiment: 0
Relevance: 0.638092
Country: U.S.
Overall Sentiment: 0.142872
Relevance: 0.56693
Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:
Country: Japan
Overall Sentiment: -0.133187
Relevance: 0.4254
Disambiguation: Location | GovernmentalJurisdiction | Kingdom | MilitaryPostReferences:
Country: China
Overall Sentiment: -0.119987
Relevance: 0.418829
Continent: Europe
Overall Sentiment: -0.128969
Relevance: 0.438003
Disambiguation: References:
Organization: Oil Price Information Service
Overall Sentiment: 0.167172
Relevance: 0.783867
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Gas prices near a two-year low
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Consumers are getting some relief at the gas pump, particularly in the middle of the country, as prices could soon fall to levels not achieved since early 2011.
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