Today’s fuel price musings - Oil down again

3 comments July 22nd, 2008

Oil drops another $4 today, the lowest it’s been in over a month. Let’s not jinx it with analysis.

Numbers courtesy of AAA’s fuelgaugereport.com, today with rupee equivalents for our international readers:

Gasoline: Rockford dropped two cents to $3.97 (169 rupees) a gallon, an almost-24-cent drop from Wednesday’s record. We’re still tenth in the state in gas prices. Where are the calls that Rockford is paying too much? The state average dropped two cents to $4.16 (177 rupees), more than nine cents below Thursday’s record. The national average dropped more than a cent to $4.06 (173 rupees), almost 6 cents below Thursday’s record.  Illinois has the twelfth-highest gas prices in the nation.

Diesel: Rockford dropped almost two cents to under $4.75 (202 rupees), about 12 cents below the record set in May. We have the seventh-highest diesel prices in the state. The state average actually gained a fraction of a cent to $4.83 (206 rupees), down almost four cents from Thursday’s record. The national average dropped a cent to $4.81 (205 rupees), down almost four cents from Thursday’s record. Illinois has the 18th-highest prices in the country (including the District of Columbia).