Why Gasoline prices drop july 25, 2012

Why Gasoline prices drop july 25, 2012 : Gasoline extended its decline after the U.S. Energy Department reported an unexpected increase in stockpiles of the fuel.

August-delivery gasoline dropped 5.82 cents, or 2.1 percent, to $2.7666 a gallon on the New York Mercantile Exchange. The price was $2.7824 before the report was released.

Heating oil for August delivery fell 1.68 cents, or 0.6 percent, to $2.8076 a gallon. The price was $2.8188 before the report was released.

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