Crude prices below $100 per barrel

NEW YORK (AP) -- Oil prices have dropped to a seven-month low, now below $100 a barrel.

The move comes amid indications that the Gulf Coast energy infrastructure appears to have emerged relatively unharmed after Hurricane Ike. Traders are also betting that the Lehman Brothers' bankruptcy will send commodities prices lower still.

Light, sweet crude for October delivery fell $4 to $97 a barrel on the New York Mercantile Exchange.

Oil last settled below $100 a barrel in early March.

At the pump, gas prices have risen again. Auto club AAA says the national average for unleaded regular is $3.84 a gallon.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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