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Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

Expert predictions about where oil and gas prices are headed vary widely. In July of 2008, oil futures hit their record high of more than $145 per barrel and several areas of the country neared $5/gal. While many others agreed (including executives at several auto makers) it is unlikely that higher taxes would be a popular approach to reducing our dependence on oil. A litre of petrol in many European countries is currently the equivalent of $7 per gallon gas (U.S).

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