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Re: Oil hits $114/barrel - No end in sight.
Our regular is at $3.95 for the Memorial Day Holiday. That's if one fuels away from the Interstate. Oil is 72% of the cost of a gallon of gas, we're currently using probably $100/barrel oil, so $135/barrel oil should put pump prices around $4.70/gallon. Around the next big US holiday, say 4th of July? I wonder what labor day will bring.
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