Gas prices drop nationally as economy slows

Gas prices have dropped more than 30 cents a gallon in most parts of the US, resulting from a steep plunge in oil prices. The national average for gas prices is $3.59, down five cents from last week.

|
Rick Bowmer/AP/File
A gas station attendant pumps gas at a gas station in this May 25 file photo. A plunge in oil prices has knocked more than 30 cents off gas prices in most parts of the US.

Gas prices are falling in Ohio and nationally amid disappointing job growth and other symptoms of weakening economic conditions in the U.S. and around the globe.

The average price for regular gas in Ohio is about $3.56 a gallon in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's down 12 cents from a week ago.

Gas cost about $3.93 a gallon at this time last year.

A plunge in oil prices has knocked more than 30 cents off of the price of a gallon of gas in most parts of the U.S. since early April. Experts predict further declines in the next few weeks.

Nationally, the average price for regular gas slipped to about $3.59, down a nickel from last week.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

QR Code to Gas prices drop nationally as economy slows
Read this article in
https://www.csmonitor.com/Business/Latest-News-Wires/2012/0604/Gas-prices-drop-nationally-as-economy-slows
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe