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IPFS News Link • Energy

Analysis: Think $100 U.S. oil is bad? It's really much worse

• Reuters

Americans worried about the pain of $100 U.S. oil should worry a lot more.

Although $100 oil is the headline in U.S. newspapers, most refineries that supply fuel to service stations are paying the equivalent of a much higher price -- and those costs are already being felt when consumers fill up their vehicles.

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Gasoline cost to jump $700 for average household