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Business and Economy: Gas prices trending downward

Story by Chris Graham

Who woulda thunk we’d all be so a-flutter over $3.42 a gallon?

That’s what a sustained period of artificially high gas prices entering into a two-week lull dropping the average price of a gallon of regular unleaded 30 cents statewide can do.

“Gas prices will likely fall faster and further in the days ahead due to the recent sharp sell-off in the price of oil to near $90 per barrel and wholesale gasoline prices that have dropped below $2.40 per gallon as of last week,” AAA Mid-Atlantic spokeswoman Martha Mitchell Meade said today.

Hurray, right?

The price of a gallon of regular unleaded this time last year was $2.66, according to AAA.

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