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India, Malaysia raise gas prices for residents
Summary from United States, from articles in English
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With global oil prices soaring, authorities in the two countries said a day earlier they were slashing fuel subsidies that were draining government coffers. (article 3)
Oil prices have doubled over the last year, spiking as high as $135.09 a barrel on the New York Mercantile Exchange on May 22 before falling back some. (article 2)
SINGAPORE (Reuters) - Oil rose above $128 on Friday, extending gains after its biggest ever one-day rise in the previous session, as the U.S. dollar weakened on signals the European Central Bank may raise interest rates this year. (article 5)
Also, a weaker greenback makes oil less expensive to investors dealing in other currencies, and analysts believe the dollar's protracted decline has been a major reason why oil prices have nearly doubled in the past year. (article 4)
WITH AMERICANS steaming over $4-a-gallon gasoline and ExxonMobil reporting first-quarter earnings of nearly $10.9 billion, the temptation to grandstand about "obscene" profits and "greedy" oil companies is one too many politicians cannot resist. (article 8)
With a nationwide average gas price of just about $4 a gallon, lots of people are thinking there must be something the government can do to help. (article 6)
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Other summaries about this story:
Event tracking:
Story keywords
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oil, Prices, Gas, India, Gasoline |
Source articles
- India and Malaysia Risk Voters’ Wrath by Raising Fuel Prices (nytimes.com, 06/05/2008, 685 words)
- India, Malaysia raise gas prices for residents (money.cnn.com, 06/05/2008, 886 words)
- Fuel protests erupt in India, Malaysia (Washington Post, 06/05/2008, 317 words)
- Oil prices hold above $128 a barrel (sfgate.com, 06/05/2008, 553 words)
- Oil rises above $128 after record surge on weak dollar (boston.com, 06/05/2008, 397 words)
- Six fixes for high gas prices (money.cnn.com, 06/04/2008, 1094 words)
- Protests, strikes staged as gas soars; a gallon now $11 in Turkey (sfgate.com, 06/05/2008, 806 words)
- No profits, no oil (boston.com, 06/04/2008, 746 words)
- MONTANA GOVERNOR IS SITTING ON AN OIL MINE (NY Post, 06/06/2008, 604 words)
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blaster@cs.columbia.edu
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