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Gas Prices in 2012?

Oh dear, things don’t look so pleasant. Gas prices in Texas are already up six cents a gallon to $3.12. They only paid $2.90 or so last year.

Here are some forecasts for the coming year:

Head of commodities research at Citigroup Global Markets Inc. says gas may rise over $4 next summer

Tom Kloza at OPIS says prices could rise a high as $3.75-$4.50.

The federal EIA is a little more optimistic, predicting more like $3.45.

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