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In early 1998, crude oil prices fell to a nine-year low at $13.28 a barrel. Falling crude oil prices were due in part to technological
In early 1998, crude oil prices fell to a nine-year low at $13.28 a barrel. Falling crude oil prices were due in part to technological advances that made locating reservoirs and extraction cheaper. What impact do such lower crude oil prices have on the price of gasoline?
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