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An average cost of $5.30 to $5.35 per gallon is the ultimate tipping point that sees a majority of Americans cutting back on spending.
The oil companies, it seems, are making sure drivers have a big lump of coal in their stockings, at least when they fill up their cars.
It’s expected that drivers will spend $553 million at the gas pump for their holiday travel over the next few days.
Even as gas prices have decreased, the cost of crude oil shot up throughout the month of October.