The price of gasoline continues to fall. The Illinois average now stands at $3.38, which is down 10 cents from one month ago, though it has ticked upward in recent days, according to the Triple-A Daily Fuel Gauge Report. Nick Jarmusz, spokesman for the Triple-A Chicago Motor Club, says the resolution of the fiscal cliff saved us from financial instability that would have weakened the dollar and cost us at the gas pump.
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“If the dollar is weak, people look at oil as a safer bet to put their investments than in treasury bonds. That can also then push prices back up a little but as the price of crude oil starts to go up on the market,” he said. The current price is down by one cent from last year at this time.