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Thursday, August 12, 2004

Oil hits $45.50

As of 12:26 PM, it was at $45.30.

Why haven't these prices shown up at the pump yet? Back in June, crude rose to $38-$39 a barrel, and the price for unleaded at the local gas station was $2.19. Today, crude is over $45, but as of this morning the local station's unleaded price was $1.97.

I'm guessing that won't last for long. Three dollars a gallon by the time of the Repug convention would be nice.