The Pennsylvania Progressive

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Friday, July 14, 2006

Oil hits $77.03/Barrel

Renewed violence in the Middle East has propelled oil prices to record levels. It closed today at $77.03/barrel. CNN is speculating that another major world event could catapult prices to $100. High oil prices affect prices across all segments of the economy though are primarily felt at the gas pumps. Enjoy your vacation folks because getting home may very well cost more this weekend.