Gas prices fall

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Friday, July 05, 2013

The national average for gas prices has fallen for 21 days straight.

The reason: Oil prices have been relatively stable, and refineries are turning out more gasoline after completing springtime maintenance.

The drop may be interrupted temporarily because oil prices spiked Wednesday on fears that the turmoil in Egypt would disrupt the flow of crude in the Mideast. Analysts, however, don’t expect a sharp increase at the pump, because global oil supplies are ample and U.S. refineries are producing plenty of gas.

Read more at The Register-Guard.

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