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Oil drops below $92 on gloomy economic outlook

2 years ago September 24, 2012 Sep 24, 2012 Monday, September 24 2012 Monday, September 24, 2012 9:35:54 AM EDT in News
Source: Associated Press

UNDATED - The price of oil is lower on more doubts about global economic strength.

Optimism about recent stimulus measures by central banks in Europe, Japan and the U.S. has given way to pessimism about the global economy's prospects. When economic growth slows, so does demand for fuel.

The news for drivers in the U.S. is somewhat positive. AAA says the average price for gasoline slipped about 2.5 cents over the weekend to $3.808 per gallon.

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