Oil prices drop sharply as inventories rise Retail gas prices slip, while diesel prices continue to rise Cartoons A look at the soaring price of crude oil.
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World’s oil thirst Around the globe countries are drilling for it, trading it and looking for ways to run their economies with replacements for it. more photos
updated 1:56 p.m. ET March 19, 2008 NEW YORK - Oil prices pulled back sharply Wednesday after the government released data suggesting that the high price of oil and gasoline are depressing demand for petroleum products.
The demand numbers in the Energy Information Administration’s weekly inventory report overshadowed data showing that supplies of oil grew less than expected last week, while gasoline and heating oil supplies fell.
Gas prices at the pump, meanwhile, slipped lower for the third day while diesel fuel rose to another record.
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