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US gasoline prices inch lower as supplies build

The US average for gasoline dropped less than a penny yesterday. The US average for gasoline dropped less than a penny yesterday. (Seth Perlman/ Associated Press/ File 2009)
Associated Press / June 27, 2009
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NEW YORK - Pump prices fell every day this week, easing off a summer peak near $2.70 a gallon as US storage facilities swelled with unused gasoline.

The national average for gasoline dropped less than a penny yesterday to $2.66 a gallon, according to auto club AAA, Wright Express, and Oil Price Information Service.

Benchmark crude for August delivery fell $1.07 cents to $69.16 a barrel on the New York Mercantile Exchange.