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September 12, 2008

(News) Crude oil futures are down, but you're still paying top dollar – Chicago Tribune

Filed under: Uncategorized — Tony Spann @ 9:00 am

When crude oil rocketed to $147 a barrel this summer, gasoline prices rose too. Gas station profits Gas stations say they took a hit with record oil prices. Gas stations covered losses by charging more in August, which has kept prices from falling at the same rate as oil. Tight gas supplies Since crude oil prices began dropping from the July peak, demand for gasoline has outstripped supply. read more

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