Pump Prices Fall to Lowest Since 2011 Amid Oil Slump
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Regular gasoline in the U.S. fell to the lowest level in more than three-and-a-half years as shale oil production and weak global demand spurred a four-month slump in oil prices.
The average retail price fell 0.9 cents a gallon to $3.177, Heathrow, Florida-based motoring group AAA said on its website today. That’s the lowest level since February 2011, when the uprising started against Muammar Qaddafi that disrupted oil supplies from OPEC member Libya.