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AI-92 42.51

+0.03

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22

Gas Prices Eased Below Average

US gas prices dropped below a national average of $3 a gallon over the weekend, while energy futures had their own decline

US gas prices dropped below a national average of $3 a gallon over the weekend, while energy futures had their own decline Monday on suggestions that OPEC may increase its output.

The resumption of exports at a key Angolan oil facility also weighed on prices.

Natural gas futures fell sharply on the Nymex, tumbling 40.7 cents to settle at $6.039 per 1,000 cubic feet on growing supplies and mild temperatures, which are keeping demand in check. The drop added to last week's 21.6-cent decline, but it was too early to tell if it would translate into lower heating costs next winter.