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He predicted that gas would drop into a range between $3.25 per gallon to $3.50 per gallon by Thanksgiving. The highest price voters ever paid while heading to the polls falls in that range: $3.41 on Nov. 8, 2011. In 2008, when Obama defeated John McCain, gas had dropped to $2.41 by Election Day as the economy slid deeper into recession. Oil last closed below $90 per barrel on Aug. 2. Wednesday's drop came as protests in Greece and Spain offered visible reminders that Europe still is struggling to resolve its debt crisis. The protests are occurring ahead of spending cuts and tax hikes designed to help those countries control debt. Such austerity measures crimp the need for oil and oil byproducts like gasoline and diesel. Brent crude, which is used to price international varieties of oil, fell 41 cents to $110.04 per barrel in London. Other futures prices on the New York Mercantile Exchange: Heating oil was flat at $3.1068 per gallon. Wholesale gasoline rose 11.4 cents to end at $3.08 per gallon. Natural gas gained 9.9 cents to $3.023 per 1,000 cubic feet.
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