Consumers cringed in fear today as oil prices skyrocketed almost two dollars today. After hitting the $58.60 mark, it settled down to $58.47 for the contract set for July delivery. The previous record was set back in April at $58.28. It won't stop there. Gasoline futures settled up a nickle to $1.65 a gallon and heating oil remained static at $1.65. Brent crude in London for the August contract also traded up $1.75 to $57.87 a barrel.
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