Oil prices fell one dollar on Thursday on concerns high gasoline prices were taking its toll on the American passion for driving and slicing into world demand growth. A government report showed gasoline demand in USA- the world's biggest energy consumer slid more than 2% below year ago levels. U.S crude settled at US$63.08 a barrel and London Brent crude was down at US$60.14.
This brings U.S. oil prices 10% below near US$71 a barrel peak struck after Katrina slammed into the U.S. Gulf Coast. However, prices remain nearly 50% higher than a year ago levels.
14-Oct-05 
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