As oil soared to a record-high $127 a barrel on Friday, Saudi Arabia's leader rebuffed appeals by President Bush to increase oil production, saying they did not see enough demand to warrant increased output.
By Admin, PBS NewsHour
Presidential hopefuls Sens. Hillary Clinton, D-N.Y., and John McCain, R-Ariz., have raised the idea of suspending the federal gas tax for the summer. A tax policy expert explains whether a gas tax holiday is politically or economically feasible.
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