Gasoline Prices Approach $4 A Gallon As Crude Prices Stay Low And Americans Drive Less

Two factors lie behind the dramatic drop in gasoline prices in the US. Crude oil prices continue to trend lower, falling below $90 bbl. for the US benchmark WTI crude Aug. 8. And Americans are driving less. According to last week’s data from the Energy Information Administration, demand fell to 8.54 b/d last week, down…