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Gasoline prices surge with strains on refining capacity |
| Home | (IHT) - NEW YORK: Gas prices in the United States are soaring again - to an average of $3.22 a gallon, and close to $4 a gallon in many areas. Some oil executives are now warning that the current shortages of fuel could become a long-term problem, leading to stubbornly higher prices at the pump. They point to uncertainty created by the government's push to increase the supply of biofuels like ethanol. |