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Posted AT 4:06 PM EST on 03/07/08

Oil price closes above $145

ADAM SCHRECK

The Associated Press

NEW YORK — Oil prices raced above $145 (U.S.) a barrel for the first time Thursday as traders added to their bets on the commodity ahead of the long holiday weekend in the United States. There was little good news for Americans hitting the road for the July Fourth holiday, as gas prices set their own record near $4.10 a gallon — just under $1.08 a litre. In Canada, gas prices averaged more than $1.

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