Price of gas,
oil fall again
NEW YORK — The price of oil fell for the seventh time in eight days, as the U.S. signaled a willingness to pursue a diplomatic path with Iran.
The average price for retail gasoline fell a penny to $3.46 a gallon. Benchmark oil for November delivery fell 46 cents to finish at $103.13 a barrel, the lowest close since July 30. Oil has dropped 6.7 percent since closing at a two-year high of $110.53 on Sept. 6.
Some analysts said that a seeming thaw in relations between Iran and Western powers and apparent diplomatic progress over the elimination of Syria's chemical weapons were easing fears of a potential disruption in oil supplies.
Brent crude rose 48 cents to $108.64 a barrel on the ICE Futures exchange in London.