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Whats going to be the spin offs of higher oil prices?

Asked by Sandydog (1265points) March 15th, 2010 from iPhone

Oil prices seem to be on the rise again, and here in England it will soon cost £1.20 a Litre !!
Will this bring on another dip in the recession.
This works out at about 9 dollars a gallon for those of you in the USA.

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