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GasBuddy News Article

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Gasoline could reach $5 by July 4

PITTSBURGH TRIBUNE-REVIEW -- -

At the rate gasoline prices are going, don't be surprised to see $4 a gallon — or higher — prices at the pump by the end of May.

Motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year.

"Gasoline could be about $4 by Memorial Day," he said. "There could be places in the United States where gasoline will exceed $5 by the beginning of the summer, around the Fourth of July."


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Submitted Feb 20, 2012 By: SkyWarnTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gasoline could reach $5 by July 4 Back to Topics
REPLIES (newest first) Post a Reply
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red82mtu
Champion Author Michigan

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Message Posted: Feb 20, 2012 12:32:37 PM

$5 by Memorial Day, can't miss out on those holiday weekend greed runs.
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hibsaw
Champion Author Mississippi

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Message Posted: Feb 20, 2012 12:32:02 PM

It that going to kill the economy or what?
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 12:31:56 PM

--- >> fukami $5.00 , $5.00 gasoline any ... any

Oh fukami, MAN, that just makes me HUNGRY for a SUBWAY Sandwich...

$5.00 , $5.00 Februany ... any $5.00 FOOTLONG, $5.00 Februany ... any- SUBWAY Sandwich

---

DO you want a GALLON of GASOLINE with that... ( Like Fries at McDonalds's )

---
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SUPERQUACK
Champion Author Sacramento

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Message Posted: Feb 20, 2012 12:31:45 PM

TRY APRIL 5 !!!!!!!!
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Bud122CA
Champion Author California

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Message Posted: Feb 20, 2012 12:31:38 PM

Speculation from oil companies? Wonder why prices are going up?
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WebGabe
Champion Author Pennsylvania

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Message Posted: Feb 20, 2012 12:30:39 PM

Those are going to be some painful fill-ups...
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bba
Sophomore Author Cleveland

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Message Posted: Feb 20, 2012 12:30:02 PM

All of this speculation just makes prices go higher...
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RAC110
Champion Author Massachusetts

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Message Posted: Feb 20, 2012 12:29:40 PM

they have been saying this for months now
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MINIWINI598
Champion Author Washington

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Message Posted: Feb 20, 2012 12:29:34 PM

We'll have to see..
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glorioussnookie
Champion Author Tennessee

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Message Posted: Feb 20, 2012 12:29:01 PM

SkyWarnTX posted some extremely interesting links! well worth looking at!!!

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Sam195
Champion Author San Bernardino

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Message Posted: Feb 20, 2012 12:28:23 PM

We already have $4/gal here in Cal. Obama wants to get reelected, so I think he will start taking steps to keep it from going much higher.
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CAD69
Champion Author Milwaukee

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Message Posted: Feb 20, 2012 12:26:46 PM

More Speculation!
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ED6
Champion Author Riverside

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Message Posted: Feb 20, 2012 12:25:38 PM

It's all scam, there is no shortage of oil.
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 12:22:22 PM

---

"PUMP the MARKET UP" ( Intentionally Raise Prices ) then "DUMP the MARKET" ( TAKE Manipulated PROFITS )

Here is a GasBuddy CHART that CONFIRMS that the NATURAL PRICE of a GALLON of GASOLINE is only $1.50... see the DIP where SPECULATORS FLEE the OIL FUTURES MARKET.

----

"There's something wrong with the world today,

I don't what it is.

Something's wrong with our eyes...

---

We're seeing things in a different way,

and GOD know's it ain't HIS.

It shure ain't no surprise." – Stephen Tyler Aerosmith

---

There is NO SHORTAGE of REFINED GASOLINE in the U.S., only an OVERABUNDANCE of SPECULATOR GREED in the OIL FUTURES MARKET, bidding up the PRICE of OIL CONTRACTS, that INVESTORS NEVER TAKE DELIVERY OF.

---

Investors have moved out of Financial Stocks into OIL FUTURES Market which currently have a higher rate of return. See this REPORT from KTLA

---

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN

---

DRILL BABY DRILL then EXPORT somewhere else does not make any sense. U.S. OIL Companies Export 117 million gallons per day of Refined GASOLINE... from the U.S. away to OTHER COUNTRIES... to keep the price up...

---

U.S. President caught off-gaurd by $4 Gasoline Price. – See this REPORT from KTLA

---
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autohio
Champion Author Ohio

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Message Posted: Feb 20, 2012 12:21:31 PM

Fun fun
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fukami
Champion Author Pennsylvania

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Message Posted: Feb 20, 2012 12:18:44 PM

$5.oo, $5.00 gasoline any ... any
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fuelconscious
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 12:18:34 PM

Here in Southern Cali we are already hovering around $4 a gallon. We might just reach $5 by Memorial day here.
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nj2000ng
Champion Author Houston

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Message Posted: Feb 20, 2012 12:15:30 PM

why not wait for it to get to $4 first before announcing $5 gas?
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Bleeder
Champion Author Virginia

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Message Posted: Feb 20, 2012 12:15:05 PM

As I said a few posts ago, I am not looking forward to this summer driving season.
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pecos
Champion Author Columbus

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Message Posted: Feb 20, 2012 12:13:50 PM

As long as they keep saying it will happen, doesn't need to or have to, but it will.
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sailormon
Champion Author Michigan

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Message Posted: Feb 20, 2012 12:13:22 PM

I am paying within 10 cents of $4.00 for diesel right now! Guess I better take a vacation now instead of waiting till summer....And higher gas prices!
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racerdj
Champion Author Indianapolis

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Message Posted: Feb 20, 2012 12:10:47 PM

From the looks of it, seems like sooner vs later.
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MetroSexual
Champion Author Colorado

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Message Posted: Feb 20, 2012 12:09:42 PM

This has been said almost every year since 2008. People have cut back on consumption and have been rewarded with consistently high prices.

There is no winning this game, folks.
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boatmen
Champion Author New York

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Message Posted: Feb 20, 2012 12:09:06 PM

Please we had 8years of lies and deceit from Bush and Cronnies ie Halliburton WMD's Tax breaks for the rich and incentives for big company's outsourcing for profit before Bush we were all doing good during and after only the rich are sailing the rest are dragging the anchor
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jmdk721
Champion Author Missouri

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Message Posted: Feb 20, 2012 12:08:43 PM

k
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RickF350
Champion Author Washington

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Message Posted: Feb 20, 2012 12:08:09 PM

Not good!
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ss70
Champion Author Detroit

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Message Posted: Feb 20, 2012 12:07:03 PM

to get some people read their news these outlets go for sensationalizing every thing ...
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brentj277
Rookie Author Twin Cities

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Message Posted: Feb 20, 2012 12:05:29 PM

At this rate seeing this news plus the BIPARTISAN war drum banging over Iran, I would say we are heading towards a second Great Depression, unless we elect the right man foR the jOb oN election day, Please America make it happen, yoUr future depends on eLecting the right man, with the right prescription for the country.
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BigDenOH
Champion Author Cincinnati

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Message Posted: Feb 20, 2012 12:05:29 PM

Old news
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listerone
Champion Author Boston

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Message Posted: Feb 20, 2012 12:03:06 PM

You've gotta admit that Osama Obama *did* promise change and that he's delivered...bigtime.

Total destruction of an excellent health care system

January 2009...gas is $2.50,July 2012...gas price is $5

January 2009..unemployment 6%......July 2012,unemployment 9%

Doubled the national debt in 3.5 years
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johnnyg1200
Champion Author St. Louis

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Message Posted: Feb 20, 2012 12:00:58 PM

Say hello to the double dip.
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 11:59:54 AM

---

MANIPULATING the OIL MARKET is a RICH MAN's GAME, played on the BACKS of WORKING AMERICANS.

---

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN

---

WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. – See this REPORT from KTLA

---


[Edited by: SkyWarnTX at 2/20/2012 1:00:27 PM EST]
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robodogy
Sophomore Author Maryland

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Message Posted: Feb 20, 2012 11:58:24 AM

not good.
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Susieq60
All-Star Author Columbus

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Message Posted: Feb 20, 2012 11:57:37 AM

can't wait
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bluetatanka
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 11:56:24 AM

More likely $4 by the Fourth!
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makalani
Champion Author Hawaii

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Message Posted: Feb 20, 2012 11:56:01 AM

It has been 4.42$ for weeks here on Maui... now jumped 5 cents at some stations. Been over 4$ for a long time - last March. O'ahu still is cheaper (they have the refinery). Can't wait for Costco to open their station here. That will change all the gas prices.
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Diesel_Ram
Champion Author Dallas

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Message Posted: Feb 20, 2012 11:54:32 AM

Doubt it!
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puinsai808
Champion Author Honolulu

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Message Posted: Feb 20, 2012 11:54:25 AM

Thank you Nobama.
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CiVX
Champion Author Oakland

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Message Posted: Feb 20, 2012 11:54:16 AM

It will and there needs to be a windfall profits tax ánd price fixers should go to jail.
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afghaned
Champion Author Ottawa

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Message Posted: Feb 20, 2012 11:53:29 AM

Welcome to my world, $4.60/gal & going up.
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wschmrdr
All-Star Author Albany

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Message Posted: Feb 20, 2012 11:53:22 AM

Might as well get in and make some profit!
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yakstar
Champion Author Montreal

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Message Posted: Feb 20, 2012 11:52:15 AM

Why?
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 11:51:56 AM

--- JGPhotoZ WOW!!!!!!.....I'm only 46 yrs old...but I can remember...seeing gas prices for .75 cents a gallon.

You are NOT WRONG. SPECULATORS "PUMP the MARKET", then "DUMP the MARKET" PROFITEERING on the BACKS of WORKING AMERICANS.

The NATURAL PRICE of GASOLINE when the SPECULATORS DUMP the MARKET is still only $1.50 a gallon.

---

Here is a GasBuddy CHART that CONFIRMS that the NATURAL PRICE of a GALLON of GASOLINE is only $1.50... see the DIP where SPECULATORS FLEE the OIL FUTURES MARKET.

The DIP and UPWARD TRENDS on the GasBuddy CHART IN BOTH CASES where the UPWARD TRENDS occur are where SPECULATORS PILE BACK IN. When the SPECULATORS BUBBLE BURSTS again, there will be another PLUNGE soon and the CYCLE will REPEAT.

BECAUSE the SPECULATORS NEVER TAKE DELIVERY of their OIL on PAPAER FUTURES CONTRACTS, the PRICE will rise until the MARKET is unable to BEAR it and GASOLINE will return to it's NATURAL VALUE of $1.50 a gallon.

---


[Edited by: SkyWarnTX at 2/20/2012 12:56:11 PM EST]
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Hop1LA
Champion Author Baton Rouge

Posts:5,894
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Message Posted: Feb 20, 2012 11:51:34 AM

This sort of speculation will lead to speculation in the oil market, leading to higher prices.

A self-fulfilling prophesy.
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thunderstruck
All-Star Author Chicago

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Message Posted: Feb 20, 2012 11:50:32 AM

Ya know, if they are going to **** me they could at least buy me dinner first.
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mycar2
Champion Author Akron

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Message Posted: Feb 20, 2012 11:50:05 AM

does greed have any limitations, are any of these companys american owned, wheres there lookout for our own policy
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ultm8opie
Champion Author Twin Cities

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Message Posted: Feb 20, 2012 11:48:23 AM

there goes any plans for travel this summer
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JGPhotoZ
Rookie Author Texas

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Joined:Feb 2012
Message Posted: Feb 20, 2012 11:46:51 AM

WOW!!!!!!.....I'm only 46 yrs old...but I can remember...seeing gas prices for .75 cents a gallon. Its frightful to think of paying $5 bucks a gallon
....sorta makes me think of the movie.."Mad Max"....right?!?!?!?!

We become a nation....fighting for a gallon of gas!!!!!!
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bigmace111
Champion Author Albany

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Message Posted: Feb 20, 2012 11:46:38 AM

Already at $4.00 in Albany, NY at some stations. We'll see $5.00 per gallon before you know it.
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SkyWarnTX
All-Star Author Texas

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Points:57,185
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Message Posted: Feb 20, 2012 11:45:43 AM

---

WALL STREET FINANCIAL MARKETS profiteering in the OIL FUTURES MARKETS...

There are WAY MORE DOLLARS in the FINANCIAL MARKETS that SATURATE the OIL ON PAPER OIL FUTURES MARKET... There is NO SHORTAGE of OIL or GASOLINE... but there is an OVER ABUNDANCE of PROFITEERING on the BACKS of WORKING AMERICANS... and GREED.

Buying OIL FUTURES, but NEVER taking DELIVERY of the physical OIL, just the RAISE the PRICE on PAPER, is GREED and it is EVIL at its CORE because it SPECULATOR INVESTOR GREE PREYs on those with 8-22 miles per gallon CARs & Trucks who can LEAST AFFORD it.

For those who can MOVE to 40+ Miles Per Gallon Vehicles, NOW is the TIME.

The ONLY way to TRAIN a SPECULATOR is to BUY LESS GAS with a HIGH MILEAGE CARE and let the OIL FUTURES MARKET collapse and FALL OUT from UNDER THE SPECULATORS...

---

"There's something wrong with the world today,

I don't what it is.

Something's wrong with our eyes...

---

We're seeing things in a different way,

and GOD know's it ain't HIS.

It shure ain't no surprise." – Stephen Tyler Aerosmith

---

Investors have moved out of Financial Stocks into OIL FUTURES Market which currently have a higher rate of return. See this REPORT from KTLA

---

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN

---


[Edited by: SkyWarnTX at 2/20/2012 12:49:31 PM EST]
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Radon
Champion Author Hartford

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Message Posted: Feb 20, 2012 11:45:13 AM

ouch
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