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Komatsu Equipment Co Resident Field Mechanic Trades/Construction RANCHO RESORT MAINTANANCE POSITION Administrative & Professional Tucson Urban League CEO/President Administrative & Professional Jorgensen Brooks Group Counselor Finance and Accounting Charles E. Gillman Company Accounting Specialist Sales and Marketing Everready Glass Sales Reps Hourly UpdateOil hits 3-year lows; gas less than $2 half of USThe Associated Press
Tucson, Arizona | Published: 11.20.2008
COLUMBUS, Ohio — Oil prices have hit levels not seen in more than three years and retail gasoline prices are below $2 in nearly half of the country.
Oil prices Thursday fell as low as $49.75 a barrel, levels last seen on May 18, 2005, when oil was at $46.80 a barrel.
Light, sweet crude for December delivery is still down $2.64, nearly 5 percent at $50.98 a barrel on the New York Mercantile Exchange.
Meanwhile, prices at the pump fell again overnight to nearly $2 a gallon and are now down more than 50 percent in just four months when they reached a record $4.11 in July.
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