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Ranchers.net

Link below.

"The average retail price of a gallon of gasoline topped $3 in the United States last week, the highest price in 25 years, according to the latest nationwide Lundberg survey released on Sunday.
The national average for self-serve, regular unleaded gas was $3.0150 per gallon on July 21, a rise of almost 2 cents per gallon from two weeks ago when the average was $2.9952, the survey of about 7,000 gas stations said.
Last week's national average exceeds by one-third cent a high set last year after Hurricane Katrina caused a gasoline shortage, but was still short of an inflation-adjusted peak of $3.16 set in March 1981, survey author Trilby Lundberg said.
Prices were unlikely to go higher, she said.
"This price increase does not portend more price increases, unless there is a deepened threat to world oil supplies or a force majeure event," she said.
Although there are some refinery capacity problems, demand is not growing and probably is shrinking with gas at more than $3 a gallon, Lundberg said.
The highest price for gasoline was found in San Diego at an average $3.28 a gallon, and the lowest regional average was in Charleston, South Carolina, at $2.77 a gallon, she said."


I don't think prices will stop going up. Maybe not as fast as they have since Bush was re-elected, but, IMO, they'll keep raising prices probably as long as the Republicans have control of the government.

http://today.reuters.com/news/newsArticle.aspx?type=domesticNews&storyID=2006-07-23T202117Z_01_N23289703_RTRUKOC_0_US-ENERGY-GASOLINE-RETAIL.xml
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