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Gas hits national average of $4 for the first time



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Where's the talk of a national energy strategy? And I mean a real one.

The average price of regular gas crept up to $4 a gallon for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season.

Prices at the pump are expected to keep climbing, especially after last week's furious surge in oil prices, which neared $140 a barrel in a record-shattering rally Friday...

Of course, drivers in many parts of the country have already been paying well above that price for some time.
Why is that? I know that they always used to pay 4 times the price for gas in Europe that we pay in the states. But why? And now that US prices have surged, is it still 4x the price in Europe? I don't think so, but would anyone abroad like to weigh in on relative prices?


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