KCAL TV-9 Los Angeles: Gas Prices Continue Dive As Crude Oil Falls Below $50 Per Barrel
<p><strong>MID-CITY (CBSLA.com)</strong> — Drivers are rejoicing after the price of crude oil dropped again Monday, signaling another fall for gas prices.</p>
<p>Crude oil slipped to below $50 per barrel for the first time in five years, and experts predict prices at the pump could remain in the range of $2 per gallon into the spring.</p>
<p>The dwindling numbers are tied to a global glut and a sharp decline in crude oil, now priced at nearly half of what it was a year ago.</p>
