21 May 2008
Oil prices to a new record at $132 a barrel Wednesday after the government reported that supplies of crude oil and gasoline fell unexpectedly last week.
A gallon of regular gas rose overnight, to a new record above $3.80 a gallon.
Which caused a price hike overnight of .07 cents, was reported.
It is has been further forecast early in the month, that the price of crude oil could soar to $200 a barrel in as little as six months.
Labels: Oil Market, United States
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