Gas Prices Falling Across The Bay Area

28 Sep 2015 | Author: | No comments yet »

Gas prices rise slightly for Ohio drivers as autumn begins.

The price of a gallon of gasoline this morning is $2.41 in the Pittsburgh area, down 4 cents from one week ago and continuing a protracted slide as demand drops into the fall, according to a price-tracking website. Crude oil, which accounts for roughly two-thirds of a price of gasoline, has hovered at around $45 a barrel for much of the last month amid a global oversupply and over uncertainty that demand has waned.

Adding to the downward pressure, questions loom about Iran exporting a significant supply following loosening sanctions and the Federal Reserve’s decision on raising interest rates, expected later this year.

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