Pump Prices Still Dropping but Crude Futures Hit New Record

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Gaso­line prices have fall­en for three straight weeks at the same time that crude oil has risen to record lev­els, near $46 per bar­rel. The aver­age retail price for reg­u­lar gaso­line was $1.861 last Wednes­day, 30-cents high­er than a year ago.

Background
Demand still ris­ing in Chi­na, world