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GAS PRICES NEAR $4.00 MARK IN LOS ANGELES

Premium gas nears the $4.00 mark with Shell's V-Power topping out at $4.19, at a station in the Little Ethiopia section of 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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