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GAS PRICES NEAR $4.00 MARK IN LOS ANGELES

Premium gas nears the $4.00 mark with the full serve pump topping out at $4.19, at a station in Los Angeles on May 9, 2007. Consumer spending is shrinking as gas prices continue to absorb more of Americans' budgets. Democrats are considering anti-price gouging laws and other measures. (UPI Photo/Jim Ruymen).

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