Gas Prices Drop as Coalition Force Gains

Apr 07, 2003
George Anderson

By George Anderson

Prices at the pump fell an average of six cents across the country over the past two weeks as concerns have eased over a possible gas shortage caused by the war in Iraq.

The Lundberg survey found the average price for a gallon of gasoline fell 6.03 cents to $1.70. According to an Associated Press report, “It was the biggest two-week drop since the price of a gallon of gas fell 6.6 cents in late October 2001.”

Moderator’s Comment: Will there be an economic rebound
from winning the war in Iraq?

There will need to be a much greater decrease in the price
of oil for it to make much impact on consumer and business spending.
Anderson – Moderator

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