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"The price of gasoline is a major determinant of U.S. consumer discretionary income and consumer spending is estimated to drive 70 percent of the U.S. economy," Fitch said in a report. "A short-term disruption in oil prices could therefore materially disrupt a U.S. economic recovery." In other energy trading, heating oil was up 1.0 cent at $3.13 per gallon and gasoline futures gained 0.9 cents at $3.16 per gallon. Natural gas was steady at $1.95 per 1,000 cubic feet.
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