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Competition 'behind cheap US gas prices'

Monday, 1 February 1999

Competition among oil companies is delivering cheaper gasoline prices to motorists, according to figures released by the American Automobile Association. The organisation says the average price of gas at the pump fell 19.3 cents per gallon in December, while US Energy Information Administration figures indicate average crude oil prices fell by 16.6 cents over the same period to an alltime low in real terms.

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