crude oil prices

Gas prices have dropped substantially, following a drop in crude oil prices, according to a survey published Sunday.

Soaring gasoline prices are in the rearview mirror. For the first time in months, retail gasoline prices have fallen below $3 a gallon in places, including parts of Michigan, Missouri and Texas.

And the relief is likely to spread thanks to a sharp decline in crude-oil prices.

Here is a recap of the top news items from this week on Wall Street: 1. Americans were stunned late Sunday night as President Barack Obama announced US special forces eliminated the world's most wanted terrorist, Osama bin Laden.

After years of reconnaissance, US officials located a large compound in Abbottabad, Pakistan which turned out be bin Laden's.

Stocks jumped early Monday following the news, however sold off. Crude oil prices pushed below the $100 level this week for the first time since March amid the headlines. 2.

Any interruptions from countries like Iran, Oman and Iraq would further tighten oil supplies.

Here is a recap of the top news items from this week on Wall Street: 1. Crude oil prices just barely touched over the $100 per barrel level this week, retaking a price which the commodity has not seen since late-2008.

Social unrest in the Middle East and Northern Africa (with the epicenter surrounding Libya's Qaddafi) sparked the sharp rally in oil.

Stocks traded in opposition to oil; the Dow fell as much as 395 from last Friday's close while the S&P 500 fell as many as 48 points before bouncing.

Speculation in oil had oil and gas stocks across the

U.S. gold prices jumped $17.50 on Thursday, marking its biggest one-day rally in eight weeks. Crude oil prices, on the other hand, plunged 2.9 percent for a third straight day of losses.

U.S. stocks closed lower for a third session as well...

Oil prices fell to near $72 a barrel Wednesday in Asia as flagging investor optimism about the global economy drags down stocks and commodities.

Crude oil prices tumbled Friday on the New York Mercantile Exchange, falling to nearly $74 per barrel on doubts of a strong economic recovery...

Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went.

A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs.

Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost 13 cents higher than last Saturday.

In other markets, US stocks declined for the first week in three while European indexes finished mixed with the London FTSE advancing.

Chevron Corp. says it expects its third-quarter earnings to be significantly higher than the second quarter on higher crude oil prices and gains from asset sales and tax items.