Oil Prices Tumble Below $100 a Barrel As Gas Prices Rise
source: http://www.abcnews.go.com/Business/story?id=5807818&page=1
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http://www.abcnews.go.com/Business/story?id=5807818&page=1
As the government contemplates how slow the collapse of Wall Street, the Great American Screw increases at the pump.Good luck my fellow citizens.
Ride on!
ABC NEWS-
The price of crude oil dropped below $100 a barrel today, settling at $95.71. While the price of crude is falling back to Earth from record heights of more than $147 in July, the cost of gasoline, after falling slightly, spiked over the weekend due to Hurricane Ike.
In Chicago today, gas prices reached $4.45 a gallon, while prices in Charleston, S.C., climbed up to $4.59. According to the American Automobile Association, the national average price of regular gas came to $3.84 per gallon.
"We've seen the price of gasoline jump 17 cents over the last three days," said Troy Green, manager at AAA. "This is the most gasoline has skyrocketed at one time since 2005, after Hurricane Katrina."
At one gas station in Houston today, the line of cars stretched almost a mile down the service road of I-45; people waited for more than four hours to fill up their tanks.
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osiris326
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How is this not price gouging? Will congress stop lining their pockets with oil money and actually start doing their job.
- 4 years ago
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osiris326
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J_Jammer [removed]
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Considering Houston just had a hurricane and the fact that most gas stations were out due to people evacuating, having a line isn't at all out of question.
But this idea that people guess what will happen with oil decides the price of gas is lame.
But hopefully this will last a moment for people to feel relief.
- 4 years ago
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J_Jammer [removed]
