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Efficient Cars Lower Demand, Fuel Prices Projected to Fall

2013-07-26 01:41:09| AutomotiveDigest.com - Automotive Industry News

Enhanced fuel efficiency of cars and rising oil production in North America are two reasons that could cause oil prices to drop 50% by the end of 2013, according to an oil industry executive. A severe drop in oil prices previously marked a severe economic crisis, but Gulf Oil CEO Joe Petrowski suggested the issue [...]The Article Efficient Cars Lower Demand, Fuel Prices Projected to Fall appeared first on Automotive Digest.

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