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March 9, 2012

Effect of Oil Price on Income Wanes in U.S.

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Oil at $ 110 a barrel is taking only half as big a bite out of Americans' pocketbooks as it did in 1981, the last time Iranian shipments were disrupted. The cost of a barrel of crude in the U.S., adjusted for total disposable income, was $ 107.92 in January of this year, compared with a peak of $ 2... FF News: Fundamental

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