New technology is the answer- in the quest for cheaper fuel?
RED HERRING | Oil Spike's Tech Impact
Crude oil rose $1.61 to $55.60 per barrel in recent trading on the New York Mercantile Exchange. Goldman Sachs estimates the average oil price will be $135.12 per barrel by 2008, which would put U.S. retail gasoline prices at $4.30 per gallon, about double the national average of $2.15 reported this week by the U.S. Energy Information Administration.
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