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Oil Prices Continue to Fall.


CofCC.org News Team

Crude Oil continues to plunge following the removal of the offshore drilling ban. Crude Oil peaked at $147 in mid-July, and began free falling after Bush lifted the ban. Missouri, Oklahoma, and South Carolina currently have the lowest average gas prices.

Crude Oil: $113.50

Gasoline Wholesale: $2.86

Average gas prices have gone from $4.10 at their peak, to $3.80.

Prices at the pump have fallen 7-8% compared to a 23% drop in crude oil prices so far.