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Gas Prices Could Rise Again

KFYR-TV | 1/4/2012
We could see gas prices going up again, but it`s not because of rising oil prices. Congress declined to renew the 30-year-old federal subsidy for ethanol, so it expired on Sunday. That means gasoline prices could go up as early as this week.

Exactly how much the end of the subsidy could add to gas prices -- and for how long -- remains unknown.

Ethanol currently makes up 10 percent of gas at many stations.

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