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December 31, 2013  |  

Oil Dips Down

Because of the continued domestic oil boom, the U.S. oil supply has increased even as demand declines due to greater fuel efficiency, a move away from oil heat, and a shift to natural gas reports, MSN Money. So the consumers will see a decrease in the cost of  oil and the gasoline it produces. “The U.S. Energy Information Administration expects prices for a barrel of West Texas Intermediate Crude Oil to fall about 3 percent to $95 per barrel, and gas prices to decline about 2 percent to $3.42 per gallon,” reports the website.

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