NATION

NATION
U.S. gasoline prices drop
CAMARILLO, Calif. -- An increase in the worldwide supply of crude oil contributed to a dip in U.S. prices at the gas pump over the past two weeks, an industry analyst said Sunday.
Between Oct. 22 and Friday, the combined national average price for all grades of gasoline dropped to $2.04, down 2.6 cents from the previous two weeks, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations across the country.
The biggest seller, self-serve regular, had an average national price of $2.01 per gallon, down 3 cents.
WORLD
Crude futures fall
VIENNA, Austria -- Crude futures fell again today, extending a decline over the past two weeks on the belief that rising U.S. oil supplies will meet demand for the Northern Hemisphere winter.
A lack of negative news on the supply side and a shift in interest from commodities to stocks also eased pressure on prices, traders said. Production in the Gulf of Mexico has been recovering from its battering by Hurricane Ivan in mid-September.
By late morning in Europe, light, sweet crude for December delivery was at $49.02 per barrel in electronic trading on the New York Mercantile Exchange, down 55 cents from Friday's close.
Associated Press