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Monday, June 04, 2007

Gas Prices 101

Here's a very thorough analysis of the source of high gas prices. He uses the word "gouging," but only in debunking that theory. The conclusion?
But it looks to be the rule, rather than the exception, that higher gasoline prices are here to stay. A return to sub-$2/gal gasoline appears highly unlikely (again, some seasonal exceptions are possible).

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