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Three factors that will probably affect the price of oil and gasoline:
Nigerian strike over the price they pay for gasoline, and the general dismal, nasty conditions they live in, even though they produce the most oil in Africa.
The sabre rattling in the Strait of Hormuz.
The discontinued price supports for ethanol.
Additional factors: more big spills, like the ones that Shell has all the time in Nigeria; greater demand from China in particular, and how the economy goes; based on demand. And yes, peak oil has been passed -- the tar sands are proof of this.
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