Associated Press
May 20, 2008 08:07 pm
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NEW YORK — Crude prices spiked to yet another trading high Tuesday as supply concerns mounted.
At filling stations across the country, the national average price for a gallon of regular gasoline touched $3.80 for the first time, having followed oil’s spectacular rise.
The June contract for light, sweet crude traded as high as $129.60 on the New York Mercantile Exchange before settling at $129.07, up $2.02 from Monday’s record high.
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