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07 May

When the Moon came to Earth…

Monday, 07 May 2012
Published in World

In America, gas prices have become part of the Presidential campaign, and Obama has promised to step up the effort to increase domestic supplies. The reason? Gas prices are now above $4/gallon (about €0,80/liter). You might think this is cheap – in the US, it’s a lot. The main reason that the gas price has soared to these levels is that the price of oil has gone up. It now hovers around $110/barrel, which is a lot higher than historical prices, and high oil prices translates into high prices at the pump.

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