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Oil: $115.21. Gas: $4.15.
Mark Lacter • April 16 2008 3:42 PM

We're well into unchartered territory. The per-barrel price of crude was reached in after-hours electronic trading after the Energy Department reported unexpected declines in U.S. crude inventories and refinery operating rates. The per-gallon gas price is what my neighborhood Chevron in Westwood was charging this afternoon for premium. Regular is selling for $3.95.

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