Correction: Oil Prices story

May 9, 2012 

Oil Prices

FILE - In a Thursday, Aug. 5, 2010 file photo, an oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. The price of oil plunged below $100 per barrel for the first time in more than two months, and a drop in gasoline prices can't be far behind. Oil fell by more than four percent after a weak jobs report added to recent signs that the global economy is weakening, meaning demand for oil should slacken. At the same time, there is mounting evidence that world oil supplies are growing.


NEW YORK (AP) - In a story May 4 about oil falling below $100 per barrel, The Associated Press reported erroneously the savings that drivers would realize over a year from a 14 cent drop in the price of gasoline. They would save $20 billion, not $20 million.

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