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Into The Weekend

Forget that “below $3/gal gas for 30 days” prediction from Tom Kloza. The combination of world events has changed all that.

He does not expect 2008 to be an average year, sees gasoline prices peaking between $3.25-$3.75/gal.

Top 10 stories of the year from Platts, The Barrel. #1 is a gimme: Oil reaches close to $100/barrel for WTI.

It’s the energy prices, not the ethanol that’s making food more expensive.

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