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Industry research part I

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Miscellaneous

 

Written by:

Claudette H

 

Date added:

September 8, 2016

 

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Grade:

A

 

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2 / 488

 

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The general average at the pump this week has dropped tremendously from 10.1 cents to $4.502 per gallon, according to the U.S. Energy Information Administration. This plunge follows a $6.31 or 5 percent decline in crude oil prices during the prior week. The crude crept back up 37 cents during the most recent week...
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The crude crept back up 37 cents during the most recent week. Given that the last record high of $145.29 per barrel was set on July 3, the price paid for oil futures on the New York Mercantile Exchange has fallen 16 percent. On Friday, Aug. 1, it took a small jump up to $125.10 per barrel. Retail prices are lagging two or more weeks...
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