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AAA predicted that gas prices likely will remain flat or climb slightly in August and then fall when the summer driving season comes to a close after Labor Day. The high price for gas this year was $3.936 per gallon on April 6 when oil topped $100 per barrel. As the global economy weakened in the spring, oil fell nearly 30 percent. Gas eventually dropped to $3.326 per gallon on July 2. Demand for gas is still weaker than a year ago as consumers watch their spending. Growth in the U.S. economy slowed to 1.5 in the second quarter and the unemployment rates remains stuck above 8 percent. Better fuel economy in the nation's auto fleet has also cut gas usage.
[Associated
Press;
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