U.S. Gasoline Falls to $2.9421/Gallon in Lundberg Survey

U.S. Gasoline Falls to $2.9421/Gallon in Lundberg Survey

Bloomberg | November 09, 2014 | by Jessica Summers and Dan Murtaugh

U.S. oil output increased to 8.972 million barrels a day the week of Oct. 31, the most since at least 1983, according to Energy Information Administration data. U.S. production has increased about 66 percent in the past five years as companies used horizontal drilling and hydraulic fracturing to tap into hydrocarbon-rich layers of underground shale rock.

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