Oil, gas prices fall as economic outlook weakens

The weakening outlook for world economic growth is undercutting oil prices and beginning to ease prices at the gasoline pump.

But oil prices remain high by historical standards. Tom Kloza of the Oil Price Information Service estimates that U.S. drivers are on course to spend nearly half a trillion dollars on gasoline this year, which would break the record set in 2008.

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Brad Plumer 23 Sep, 2011


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