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As world appetite grows, will oil hit $200 a barrel?

Sacramento Bee: Oil prices bounced to more than $100 a barrel on Jan. 2 and again in February and March. Some Wall Street traders have started to bet on $200 a barrel. Consumers seem be used to the high price of gas. A study by researchers at the Institute of Transportation Studies at the University of California, Davis, showed that consumers are now less responsive to high gas prices. Another institute study found no evidence of economically rational decision-making about fuel economy when ... Read »
Created by deep Created 24 weeks 4 days ago – Made popular 24 weeks 4 days ago
Category: Environment   Tags:

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