Wednesday, February 13, 2013

Chicago gas prices spike - chicagotribune.com

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By Samantha BomkampTribune reporter

11:39 a.m. CST, February 12, 2013

 

The main reason for the spike is the higher price of crude oil. The price of oil has gone from around $85 a barrel in December to around $97 now because of improving economic certainty as the country moved past the election and the fiscal cliff deadline, according to energy analyst Phil Flynn. It's also being driven by better-than-expected growth in China, the world's second largest economy.

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