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Oil's surge in 2010 paves the way for $4 gasoline (AP)
Published at 31 December 2010, 21:03 GMT

FILE - In this Aug. 4, 2010 file photo, a gas pump nozzle is shown, in Portland, Ore. Oil prices slipped further below $90 a barrel Friday. Dec. 31, 2010, as investors took profits amid light year-end trading volume. Despite the fall, oil prices are set to end the year around 12 percent higher than where they started — a clear signal that the global economy has returned to growth following the worst recession since World War II .(AP Photo/Rick Bowmer, file)AP - The price of oil is poised for another run at $100 a barrel after a global economic rebound sent it surging 34 percent since May. That could push gasoline prices to $4 a gallon by summer in some parts of the country, experts say.


 
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