Gas Prices Drop Big

I wonder how much this will help McCain:

The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.

The national average price for self-serve, regular unleaded gas fell 35.03 cents to $3.3079 a gallon on Oct. 10 from $3.6582 two weeks earlier, according to the nationwide Lundberg Survey.

It was the lowest national average price since March 21, 2008.

Here's a startling fact from the article:

[T]ravel on all U.S. roads fell 3.6 percent, or nearly 10 billion vehicle miles in July.

And here's an encouraging tidbit from the article if you have to drive to work:

[G]asoline [prices] could fall below $3.00 a gallon as early as December.

Monday, October 13, 2008