Oil prices settle below $85 a barrel - The Associated Press

NEW YORK — Oil prices fell Friday for a third day, dropping below $85 a barrel as traders questioned whether Americans were burning enough fuel to justify higher prices.

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The slump in crude wiped out gains from earlier in the week, when prices jumped to an 18-month high above $87 a barrel. If oil continues to tumble, it could pull gasoline prices lower. But experts still predict gasoline will get more expensive this summer as vacationers hit the road and the driving season begins in earnest.

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The Energy Information Administration said this week the national average should top $3 a gallon this summer.

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Full Story: Oil prices settle below $85 a barrel - The Associated Press