prices plummet one month after terrorist attacks
Ill., Oct. 25, 2001-According to the AAA-Chicago Motor Club's
most recent fuel gauge report, gas prices have plummeted an average
of 43 cents throughout Cook County and downstate Illinois combined
over the last month, while prices in northern Indiana fell more
than 50 cents per gallon on average.
Chicago and Cook County, self-serve regular gasoline now averages
$1.564 per gallon, which is down 32 cents from last month and
only up 1 cent from last year.
price for self-serve regular in Illinois outside of Cook County
is $1.347, 47 cents lower than September and 15 cents lower than
last year's October price.
in Northern Indiana pay an average of $1.115 for self-serve regular
gasoline. That price is 55 cents lower than last month and 29
cents lower than last year.
reports that the military actions against Afghanistan have had
no effect on global energy prices, as Afghanistan is not an oil
producing or shipping nation. The club cautions, however, that
if the United States decides to take significant action against
major oil producing countries-such as Iran or Iraq-the worldwide
price of crude oil could rise along with gasoline prices.
current decline in gas prices reflects a crude oil price stuck
near $22 per barrel, and lower wholesale gasoline prices,"
said Steve Nolan, spokesman for the AAA-Chicago Motor Club. "These
lower gas prices will be helpful to the U.S. economy as motorists
find a few extra dollars in their family budget at the end of
the month, and vacation is viewed as a bargain."