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GannettUSA Today

Tuesday, November 07, 2006

Stock prices still rising, gas prices still falling

Will the aftermath of the elections mark the end of the upturn in the stock market and the end of the downward trend in gasoline prices? Let's hope not.
The Dow hit a new record high today of 12,196 before closing at 12,156 - up 15.5 percent from a year ago. Gas prices in New Jersey - the lowest in the nation, according to the AAA Fuel Gauge Report http://www.fuelgaugereport.com/sbsavg.asp - are $1 a gallon cheaper than they were in July and 25 cents cheaper than they were a year ago. The average price in New Jersey dipped below $2 yesterday, according to newjerseygasprices.com. http://newjerseygasprices.com/
Gasoline prices are falling everywhere in the U.S., but they remain stubbornly high in Hawaii ($2.87), and Alaska, Idaho, Nevada, Oregon and Washington state ($2.40 a gallon or more).

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