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Post by Muffie on Jan 23, 2009 10:23:30 GMT -6
They did this in 2007 they said gas prices be $5 a gallon by summer of 2008. Prices didn't quite make it that high but $4 sure hurt. Now they are preparing us for next year...they are starting to drive prices up again... www.msnbc.msn.com/id/28527108/updated 8:32 a.m. ET, Wed., Jan. 7, 2009 HOUSTON - All that money you're saving these days at the gas pump? You might want to put it in the bank. The same cheap oil that's providing relief to drivers and businesses in an awful economy is setting the stage for another price spike, perhaps as soon as next year, that will bring back painful memories of last summer's $4-a-gallon gas. The oil industry is scaling back on exploration and production because some projects don't make economic sense when energy prices are low. And crude is already harder to find because more nations that own oil companies are blocking outside access to their oil fields...... (for the rest of the story click the link)
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Post by Michelle on Jan 23, 2009 10:53:20 GMT -6
Oh well that figures. Its started raising a little here the last week or two but not much. Nothing like $4
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Post by leeann on Jan 23, 2009 17:14:02 GMT -6
It was up to 1.99 gal here in Cincinnat, up about 30 cents in the last couple of weeks. State of Ohio is planning on raising the gas tax also. So are the Fed's I hear. They will get it up to $4 even if the barrel price remains low.
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