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Low Demand, High Inventories Can’t Keep Gas Prices Down
The Iowa Department of Natural Resources (DNR) is predicting record high prices at the gas pump this year. In their February fuel-price survey issued yesterday, they noted that a continued climb in crude prices is keeping gas prices above $3 a gallon. DNR Program Planner Jim Bodensteiner said that “lowered demand and strong inventories” won’t [...]
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