Oil, gas prices continue to fall

Benchmark oil for November delivery fell 46 cents to finish at $103.13 a barrel, the lowest close since July 30, while the average price for retail gasoline fell a penny to $3.46 a gallon.
By Associated Press Published: September 25, 2013
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In brief

Price of gas,

oil fall again

— 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.

Associated Press


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