gas prices
6:18 am
Tue August 9, 2011

Nation's lowered credit rating causes drop in gas prices in St. Louis

For St. Louisans, there is one nugget of good news amidst the plunging Dow and struggling economy: gas prices are falling steeply in the St. Louis area.

Experts say the price of a barrel of oil dropped after Standard & Poor's lowered the nation's credit rating by one notch last week.

The price of gas fell below $3.20 per gallon at many stations in the St. Louis area on Monday. Just a little over a week ago, drivers shelled out more than $3.60 for a gallon of regular unleaded at some stores.