
by Associated Press.
Published: Sat, December 06, 2008 - 1:38 pm CST
Last Updated: Sat, December 06, 2008 - 6:24 pm CST
BIRMINGHAM, Ala. (AP) - Gas prices in Birmingham continue tofall, dropping to $1.55 a gallon, the cheapest price since 2004.
Friday was the 79th day in Alabama and across the U.S. that gas
prices declined. The state average was $1.71 a gallon, well off the
record high of $4.05 a gallon on Sept. 16.
Clay Ingram of AAA-Alabama said the last time gas was priced as
low as it is now was on April 19, 2004.
Ingram said prices could get below $1.50 by Christmas, but it
most likely will happen in early January.
He said, "Based on what crude oil futures and wholesale
gasoline futures have been doing this week, I would say that it is
a very realistic possibility. We will almost certainly see more
decreases in the coming weeks, and having prices below $1.50 could
easily happen."
Gas Prices Falling










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