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AUDIO Biggest Stories Of 2008: Prices At The Pump
 12/31/2008 2:56:16 AM  |  Katie Young

The prices at the pump were way up -- and then way down -- throughout 2008, taking U.S. motorists on a rough ride.



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Prices peaked in July with the average price for a gallon of gas reaching $4.11. If the prices weren't bad enough, Hurricane Ike came through and caused fuel shortages in the Southeast. This storm was the culrpit behind yet another spike in September, oil prices peaked to $147 a barrel.
 
Then there was a turn for the better, at least in oil prices. When the stock market crashed, so did fuel prices. In December gas prices were at an all-time low, falling to around $1.63 per gallon and about $30 per barrel.
 
ABC's Matt Gutman discusses what drivers went through this year as they faced both pain and pleasure at the pump. 
 
LISTEN to ABC's Matt Gutman discuss gas prices in 2008
 
By the end of 2008, oil prices were the lowest since 2004. 


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