Energy Costs - Green 2008 Election Issues 101 - Obama and McCain Position on Energy Cos... - 0 views
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The cost of oil peaked above $140 a barrel this summer, nearly double the price a year earlier and 40% higher than worst-case scenarios discussed just months earlier. Gas prices followed suit, peaking well above $4 a gallon during peak driving season and sending drivers, carmakers and politicians all into fits. Heating oil prices started climbing to record levels months before heating season.