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Thursday, May 2
The Indiana Daily Student

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Gas prices remain high

The Energy Department said motorists can expect gasoline prices to remain close to $4 a gallon through next year. Oil prices should remain well above $100 a barrel through 2009, said Guy Caruso, head of the department’s Energy Information Administration. Caruso told a House hearing in Washington gasoline prices are expected to peak at $4.15 a gallon in August, but won’t go down much. The agency projects gasoline averaging $3.92 a gallon through 2009.

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