Gas prices dip below $5 a gallon in first weekly drop since April
CBSN
American motorists are getting some minor relief, with gasoline prices registering their first weekly drop in more than two months amid declining oil prices and a dip in consumer demand.
"Oil really tumbled today — the market is so headline-driven," Andrew Gross, a spokesperson for auto club AAA, which tracks fuel costs, said on Friday. "There is a lot of worry about global recessions, which will cause a big slowdown."
The national average for a gallon of regular unleaded gas stood on Monday fell to $4.98, down from an even $5 on Friday, three days after hitting its all-time peak of nearly $5.02, according to AAA, which updates the figure daily.
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