World Oil Price Tumbles Ahead Of Fall In South Shore Gasoline Prices

Gloomy signs about the sputtering American economy are credited for sending the price of oil down by $2.50 this morning.  Oil is trading at $82.32 U-S a barrel -- down 22 per cent since the start of last month. That's putting downward pressure on the dollar, which dropped six-10ths of-a-cent this morning. The loonie is trading at 96.67 cents U-S.
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In our area, gasoline prices took a tumble overnight. A litre of regular self serve is selling this morning at South Shore pumps for a dollar-25-point-9 ($1.25.9).  Thats just over a 3 cent a litre drop from yesterday.