KPIX CBS Evening News December 15, 2014
Oil and gas prices are down big and right now there is no up. Opec, the organization of Petroleum Exporting countries said today it has no set target. The price of oil is down from 108 a barrel in june to below 58 friday, and opec says even if the price goes to 40 they will not change production levels. What that means for gas prices, likely a similar slide. The cost of a gallon is already down more than 1 since june. We have two reports starting with jericka duncan. Reporter nationally, the average for a gallon of regular gas is 2. 56. Down from a more than 4 average in july of 2008 when pric...