Oil spikes above $70 a barrel
By JOHN WILEN, AP Business Writer 18 minutes ago
NEW YORK - Oil futures spiked above $70 a barrel on Thursday for the first time since Sept. 1 on a government report that showed gasoline inventories dropped unexpectedly as the summer driving season neared its peak.
Retail gasoline prices, meanwhile, broke a monthlong decline and held steady overnight at a national average price of $2.975 a gallon, according to AAA and the Oil Price Information Service. Gas prices had been falling steadily since their May 24 peak of $3.227 a gallon.
I for one would NEVER have fucking imagined that there would occur a fucking spike in the fucking cost of oil, just in fucking time for fucking Fourth of July holiday driving, would you?
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