New York -- Crude oil prices dropped to less than $44 a barrel Thursday on the New York Mercantile Exchange, hitting its lowest closing price in 35 months.
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Crude oil prices have tracked downward since July amid signs of declining demand accelerated by weak economies.
Crude oil prices fell $3.09 to $43.68 per barrel. Heating oil prices fell 0.0718 cents to $1.5092 per gallon. Reformulated blendstock gasoline dropped to less than $1 per gallon, losing 0.0648 cents to 96.57 cents per gallon. Natural gas prices lost 0.347 cents to $6.03 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $1.789 Thursday, down from Wednesday's $1.803 a gallon, AAA said.
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