| Woody’s Smokehouse, a restaurant and fuel station in Centerville, Texas, halfway between Dallas and Houston, posted a petrol price of $1.999 per gallon on Wednesday. It was only a one-day promotion, but it was a sign of a more sustained trend: fuel prices in the US have been falling fast.
This week the average retail price of petrol in the US fell below $3 per gallon, down more than 70 cents since June. Texas is an oil-producing state, but Centerville is in farming country, and the 25 per cent drop in the price of crude oil in the past four months is welcome. “It’s great news for farmers, great news for truckers and great for the economy in general,” says Diana Wood, one of the owners of Woody’s...............................................Full Article: Source
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