Gasoline prices rose to $3.29 per gallon + How Middle East unrest could lead to lower prices + Where Libya Ranks Among The Worst Oil Disruptions Of All Time

[mEDITate-OR:
think that what's squeezing you...
is a dirty low down rotten snake...
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There are FAR more questions, than good answers.
One, DO the Saudis actually have any ability to increase supply.
We know the rest of OPEC does, bcuz they do it.
But, are the Saudis running out of oil?
Two, Other than the Europeans, who uses Libyan oil?
why would the prices charged U.S. change, or even would they...?
from Canada, from Mexico?
Three, with China increasing their use, and driving up the price over the last decade, even IF the Libyan crisis is solved - by Chavez from/in Venezuela? You must be joking. - will the price of crude oil & gas not still go up?
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Below is a chart showing the historical size of prior oil crises.
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Gasoline prices and taxes by state

Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax.More

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Gasoline prices rose to $3.29 per gallon
Gas: Why I'm paying $4 but my neighbor isn't
http://money.cnn.com/2011/03/01/news/economy/_price_states/index.htm
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How Middle East unrest could lead to lower prices
Vast liberalization and democratization in the Middle East could be positive for oil production in the long run. Just look at what happened in Russia and Iraq.
http://finance.fortune.cnn.com/2011/03/01/oil-fear-trade-how-middle-east-unrest-could-lead-to-lower-prices/
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CHART OF THE DAY: Where Libya Ranks Among The Worst Oil Disruptions Of All Time
http://www.businessinsider.com/chart-of-the-day-oil-supply-disruptions-2011-2?utm_source=Triggermail&utm_medium=email&utm_term=Clusterstock+Chart+Of+The+Day&utm_campaign=Clusterstock_COTD_030311
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