Price of oil drops, gas 4 or more in six states though

[centsgirl]

Oil dropped more than 2 percent on Monday after Standard & Poor's lowered its long term outlook for the U.S. debt, raising concerns about the economy and expectations of cuts in government spending ways.A move by China to slow its booming economy that also helped push prices down some.

Benchmark West Texas Intermediate crude fell $2.60, or 2.4 percent, to $107.06 per barrel in middle of the day, trading on the New York Mercantile Exchange. In London, Brent crude lost $2.23 at $121.22 per barrel on the ICE Futures exchange.

Gasoline pump prices jumped up to make a national average of $3.83 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular has increased 29.1 cents in the last month and 96.8 cents from a year ago. Pump prices are above $4 per gallon in California, New York, Illinois, Connecticut, Washington D.C., Hawaii and Alaska.

Why are we paying more when they are paying less? I guess we are not meant to know the reason behind this.

[moneysense]

It is amazing at the differences in gas prices per state even. In Pittsburgh last Thursday, gas prices were $3.59 a gallon while here locally they were running right around $3.79 a gallon.

Right now in our little corner of Ohio, at Crosby Oil at 188 E Main Street in St Clairsville, gas is $3.78 per gallon.

Where other family members live in Brilliant, Ohio, gas at Medei Service Center at 1499 3rd Street in Brilliant, gas is at $3.89 per gallon while a few miles up the river at Steubenville, Ohio, gas is staying at right around $3.78 a gallon at most stations there.

One way to save on gas prices is to go further in town as opposed to getting your gasoline right off the interstate as prices tend to run higher the closer you are to the interstate on and off ramps. So driving a couple of miles further could save you up to 10 cents per gallon.