Wednesday, August 31, 2005

Gas prices spike as one pipeline to East Coast shutdown

Prices rose sharply as a pipeline is shutdown that supplies the East Coast. In the Atlanta area some stations were charging as much as $5.00 for a gallon of gas. The president has released some oil from the Strategic Petroleum Reserve. The federal agencies such as the Justice Department and the Federal Trade Commission may want to monitor the oil companies for price gouging.
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