Gas in San Antonio area drops 16 cents from last week

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Gas in San Antonio area drops 16 cents from last week
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While the price of a gallon of gas continues to fall, it's still nearly 87 cents higher than it was a year ago.

A customer pumps gas last week at an Exxon station in South Texas. Gasoline prices in San Antonio plunged another 16 cents over the past week to an average $3.57 a gallon.Gasoline prices in San Antonio plunged another 16 cents over the past week to an average $3.57 a gallon as recession fears tightened their grip on crude oil markets.

Nationally, gasoline fell 16 cents to an average $4.17 a gallon in the past week. That’s down 66 cents from a month ago but still $1.02 more than a year ago.“As long as oil prices hold at these levels or lower,” he said, “we’ll see another decline in most areas this week.”

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