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Gas prices decrease; one result of government shutdown
The government shut down has a ripple effect throughout the whole US economy, including at the gas pump.
The price of oil has dropped to $101 dollars, 35-cents a barrel today after parts of the US government were ordered to shut down. The price of oil has been dropping for weeks anyway; in fact, it hasn't been trading this low since early July.
Gas prices have been dropping for 30 days straight. The price of regular unleaded gas at this station is the national average is $3, 39 cents a gallon.
Oil prices are dropping for several reasons. The government shutdown is one of them, because with 800,000 workers placed on unpaid leave less people are driving to and from work.
Improving relations in the Middle East, and a growing stock pile of oil is also lowering oil prices. By the fall, demand for oil drops anyway with the switch to cheaper winter blend gasoline.
Despite the issues in Washington and the shutdown, drivers at least are smiling with the cheaper gas prices. The quiet hurricane season has also kept oil prices low