For the eighth straight month, the amount of miles driven in the U.S. has fallen. The result is that gasoline consumption has fallen over 2%. U.S. consumption is now about the same as it was back in 2003. Falling demand has reduced the amount of oil used for gasoline production by about 800,000 barrels a day. Partially as a result, U.S. refineries are cutting back production. Reduced demand, both in the U.S. and abroad, has resulted in oil dropping in price about $30 from its peak of $147 in mid-July. Gas prices have also dropped about 10% during the same period. Currently, the price of a gallon of regular unleaded is hovering around $3.50 here in Chattooga County.  (WEIS Radio)