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Gas-Guzzling Continues Despite High Gas Prices

Posted by: Abhijeet Chavan
Thanks to: Ladd Keith
22 March 2003 - 5:00am

The stagnant economy, the Iraq war, and other factors have caused gas prices to rise. But that hasn't deterred drivers.

"With gas prices at all-time highs, motorists are confounding analysts by continuing their gas-guzzling ways...But consumer demand for gas hasn't dropped -- even at a time of year when chilly weather tends to discourage traveling... The start of war in Iraq, a stagnant U.S. economy, a strike affecting the Venezuelan oil market, a colder-than-normal winter in the Northeast and other factors have pushed oil prices higher."

Full Story: Motorists still driving despite high gas prices
Source: CNN, March 21, 2003
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