The euro dropped to an eight-month low and pushed the value of the U.S. dollar even higher causing crude oil prices to drop to a seven-week low. Crude oil closed on the New York Mercantile Exchange (NYMEX) at $71.19 a barrel. The national average price of unleaded regular gasoline is $2.65 per gallon and Georgias average price is $2.53 per gallon, both reflecting a two-cent decrease from last week. Floridas average price is $2.69 and Tennessees is $2.54, a decrease of three cents, respectively.
As long as the U.S. dollar continues its momentum in strength, crude oil prices should continue to drop as commodities, like crude, lose investor appeal, said Jessica Brady, public relations specialist, AAA Auto Club South.
