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Mr. President Says No (for now)

President Obama announced at a press conference today that the Strategic Petroleum Reserves would not be tapped at the moment.

Yes, gas is up to something like $3.50/ gal. Mr. Obama said his administration would consider releasing some of the precious stuff if gas prices keep rising, but for the moment the spigot was closed.

Oil price analysts are saying $5 gas is possible. Summer gas at least $3.75.

What’s your personal plan of action?

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