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March 7, 2011

Global Unrest Causes Rise in Oil Prices, U.S. Considers Tapping Reserves 
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The unrest in North Africa and the Middle East has helped push the price
of oil up by 20 percent in the past month. At the pump, gas prices
average $3.50 per gallon nationwide, up 78 cents from a year ago. On
Sunday, White House Chief of Staff William Daley said the Obama
administration is considering tapping into the country's
727-million-barrel U.S. strategic oil reserves.



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