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Chart of the Day
Today, the price of a barrel of crude oil closed just shy of the $110 level as geopolitical tensions continue and oil suppliers struggle to keep up with demand. With oil prices rising, it is not all that surprising to find that gasoline prices are following suit. Over the past six months, the average US price for a gallon of unleaded has risen 51 cents per gallon. When adjusted for inflation, gasoline prices are at 27-year highs and within 2% of the inflation-adjusted peak of 1981.
Notes:
- Which way are energy prices headed and what does it mean for interest rates and the stock market? Find out with the exclusive charts of Chart of the Day Plus.
Source - U.S. Energy Information Administration
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Quote of the Day
"The Stone Age didn't end because they ran out of stones; the Oil Age won't end because we run out of oil." - Don Huberts
Events of the Day
April 15, 2008 - Personal income taxes due (US)
April 19, 2008 - Passover (1st day)
April 21, 2008 - Boston Marathon
April 22, 2008 - Earth Day
April 23, 2008 - Administrative Professionals Day
April 24, 2008 - Take Our Daughters & Sons to Work Day
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