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Oil Dips, but Gas Prices Set to Rise

NEW YORK -- Oil prices fell Friday as investors sold to lock in profits, but analysts doubt oil's record-breaking run is over and say gasoline prices are about to start following crude higher, according to the Associated Press.

Gasoline prices have so far held steady or even fallen despite a rally that boosted oil to new records for eight straight trading sessions on the New York Mercantile Exchange.

Posted by Peter C. T. Elsworth  at 4:33 PM to Crude oil market , Gas prices | Permalink

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