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Non-Tech : Invest / LTD
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To: SJS who wrote (7914)3/23/1999 3:17:00 PM
From: JHR  Read Replies (1) of 14427
 
Steve , just caught some analyst on CNBC talking about rising oil. He's looking for between 18 and 20 on this run. Insana asked him what that would do for gas prices and he said every $1 in oil translates into 2 cents per gallon. So even if his optimistic oil price comes true it would only raise gas prices about a dime. We're up a dime so far in Austin on the oil rise so far.

Again then it doesn't look all that ominous if oil does go back to 20.
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