Oil prices continued to slide down, dropping again today another 82 cents per barrel. The truce in the Middle East, a possible decrease in air travel and the good news that the damage to the BP pipeline in Alaska is less severe than first reported, all are responsible. BP is still pumping and half the oilfield is open while repairs on the pipeline continue.

Prices at the pump were lower by an average of 4 cents last week following the announcement of the cease-fire and consumers have seen some relief from the climb of gasoline prices over the previous three weeks.