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6:18 am
Tue August 9, 2011

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

Gas prices were below $3.20 per gallon at some stations in the St. Louis area on Monday. Experts attribute the drop to Standard & Poor's lowered credit rating for the nation.
(via Flickr/bradleypjohnson)

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.