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An economist says he gave up forecasting oil prices.

He swore off that after realizing his prognostications oh so many times missed the mark like a bent rifle.

Predicting pump prices is akin to flipping playing cards and saying the next one is an ace. You are right four times out of 52, about 7.6%. That won’t win seer-of-the-year honors.

But in one respect there is a “magic” number for gasoline prices, according to a new MaritzCX study on car-consumer behavior.



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Study Indicates That Gas Prices Have To Exceed $3 A Gallon Before Consumers Change What They Drive

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