quote:Good News? Maybe... still waiting to see this at the pump.
But the fact is oil and wholesale gasoline prices dropped abruptly this afternoon as the Bush administration said it was considering suspending clean air rules for three states -- California, New York and Connecticut.
The comments by Energy Secretary Spencer Abraham before a congressional hearing today knocked crude oil prices down nearly 4.1% to $34.30 and wholesale gasoline futures to $1.07, down 5.5%. Crude ended the day at a 7-week low.
More on Gas prices: Dated 4/1/2004