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Oil Prices Down on European Worries

European worries (Spain this time) sent oil prices down again. They started with Greece and have been doing the ‘wave’ through other countries.

“Oil is really reflecting concern about where the economy is headed in coming months,” said Gene McGillian, a broker and oil analyst at Tradition Energy.

Retail gas prices fell less than a penny, though. Down to %3.505/ gal. That makes it 43 cents less than the peak in April, and 15.8 cents cheaper than it was at this time last year.


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