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Oil price climbs back over $97

November 26, 2011
The Times Observer

By THE ASSOCIATED PRESS

Holiday shoppers driving from store to store in search of discounted toys and televisions and are getting a break at the gas pump.

The average price for a gallon of gas has fallen 7 cents in just a week to $3.31. The discount is 13 cents in the past month. That's because, holiday shopping aside, motorists tend to drive less in the colder months. And refiners are making cheaper winter blends of gas at this time of year.

Meanwhile, Oil continued its up and down week. The U.S. benchmark crude oil rose $1.07 to $97.23 a barrel, tracking the rise in U.S. stock markets. The contract closed Wednesday in New York at $96.17, down $1.84.

Gasoline is now cheaper than it has been since February.

 
 

 

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