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Does a period go inside or outside of quotation marks?

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Does a period go inside or outside of quotation marks?

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From the AP stylebook. Skip to the bottom if you want to jump right to the bottom line re periods. quotation marks (” “) The basic guidelines for open-quote marks (“) and close-quote marks (“): FOR DIRECT QUOTATIONS: To surround the exact words of a speaker or writer when reported in a story: “I have no intention of staying,” he replied. “I do not object,” he said, “to the tenor of the report.” Franklin said, “A penny saved is a penny earned.” A speculator said the practice is “too conservative for inflationary times.” RUNNING QUOTATIONS: If a full paragraph of quoted material is followed by a paragraph that continues the quotation, do not put close-quote marks at the end of the first paragraph. Do, however, put open-quote marks at the start of the second paragraph. Continue in this fashion for any succeeding paragraphs, using close-quote marks only at the end of the quoted material. If a paragraph does not start with quotation marks but ends with a quotation that is continued in the n

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