Lubbock Gas Prices Dip Below Three Dollars - KCBD NewsChannel 11 Lubbock

11/16/07

Lubbock Gas Prices Dip Below Three Dollars

Gas prices fell slightly overnight for the first time in weeks, raising doubts about a view that pump prices are destined to rise in coming weeks to catch up with skyrocketing crude prices.

Oil futures, meanwhile, are rising on investors' belief that supplies aren't as plentiful as a government report at first suggested. The national average price of a gallon of gas fell three-tenths of a cent overnight to $3.109, according to AAA and the Oil Price Information Service.

In Lubbock Friday, gas stations ranged between $2.98 and $3.06 per gallon of regular unleaded.

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