Gas prices fall to under $1 per gallon

Today In History

• FEBRUARY 27, 1986 — Page County gasoline buyers have a welcome sign awaiting them at filling stations: signs proclaiming reduced prices. Prices tumbled — in some places to less than a dollar a gallon for regular gasoline — as a result of a worldwide glut in the oil market. According to Bill Wordham, a spokesman for the American Petroleum Institute in Washington, D.C., retail gas prices in the United States have dropped an average of 12.5 cents per gallon since December and would continue to drop. 

~ From the public archives of the Page News and Courier

Be the first to comment

Leave a Reply

Your email address will not be published.


*