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CNN Live At Daybreak
Paying Less at the Pump: Gas Prices Fall for 6th Straight Week
Aired October 07, 2003 - 06:43 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: It is time for a little "Business Buzz" right now. There's a good chance you will be paying less, paying less the next time you fill up at the pump.
Carrie Lee has the details from the Nasdaq market site.
You're not lying to us, are you -- Carrie?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: No. Finally some good news when it comes to gas prices. The Energy Department says gas prices were actually lower for the sixth straight week with the average pump price dropping another 1.8 cents to $1.57 a gallon. And also the national price for regular unleaded gasoline is now down 17 cents from the record high set over last Labor Day weekend. Now overall, fuel prices are still on the high side, with the current price still 13 cents higher than a year ago. But, Carol, at least we are off of those recent highs that a lot of people suffered last summer.
Taking a quick look at futures, looks like we could see some selling this morning after the markets held steady yesterday. The Dow up about 22 points, the Nasdaq up 12, the S&P 500 gaining 4 points. But this morning, looks like the bears are going to take over.
Two stocks to watch this morning, reporting profits for the recent quarter, PepsiCo, as well as Yum! Brands. And people might not know, you know, Yum!, but they know the companies within that name. KFC, Pizza Hut and Taco Bell restaurants all under the Yum! umbrella.
Carol, back to you.
COSTELLO: All right, we'll be watching. Thank you. Carrie Lee live from New York this morning.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Week>
Aired October 7, 2003 - 06:43 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: It is time for a little "Business Buzz" right now. There's a good chance you will be paying less, paying less the next time you fill up at the pump.
Carrie Lee has the details from the Nasdaq market site.
You're not lying to us, are you -- Carrie?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: No. Finally some good news when it comes to gas prices. The Energy Department says gas prices were actually lower for the sixth straight week with the average pump price dropping another 1.8 cents to $1.57 a gallon. And also the national price for regular unleaded gasoline is now down 17 cents from the record high set over last Labor Day weekend. Now overall, fuel prices are still on the high side, with the current price still 13 cents higher than a year ago. But, Carol, at least we are off of those recent highs that a lot of people suffered last summer.
Taking a quick look at futures, looks like we could see some selling this morning after the markets held steady yesterday. The Dow up about 22 points, the Nasdaq up 12, the S&P 500 gaining 4 points. But this morning, looks like the bears are going to take over.
Two stocks to watch this morning, reporting profits for the recent quarter, PepsiCo, as well as Yum! Brands. And people might not know, you know, Yum!, but they know the companies within that name. KFC, Pizza Hut and Taco Bell restaurants all under the Yum! umbrella.
Carol, back to you.
COSTELLO: All right, we'll be watching. Thank you. Carrie Lee live from New York this morning.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Week>
