Standard & Poor's | St. Louis Public Radio

Standard & Poor's

This article first appeared in the St. Louis Beacon. - Standard & Poor’s has informed St. Louis County that it has lost its AAA bond rating, a move that could prompt higher interest costs for the county in any bond issue – and force County Executive Charlie Dooley to drop any reference to the old rating in his campaign literature.

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

Aug 9, 2011
(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.