Jan 13,2014
The new trading week is barely hours old and already oil prices are testing recent intraday lows, which could be a good sign for beleaguered motorists.
Oil prices currently have moved lower and are trading in the $91/bbl range, a price oil prices haven’t closed at since May 2013. And what that could mean- lower gasoline prices- may show up in the weeks ahead if oil prices continue to hold at these levels.
This comes as North Dakota is likely to surpass producing one million barrels per day as a state. The latest numbers show North Dakota producing some 29.2 million barrels per day in October, 2013, the latest month for which data is available.
Read more at http://blog.gasbuddy.com/#mHwi8LiEZ1yRWa5H.99
Today Feb oil futures were down to $91.5.
Also this week the average California gas price at the pump has fallen 4 cents in the past week to $3.61 a gallon.