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Oil, Gas & Energy Stock Prices

Are we running out of oil?

Refiners that make gasoline and other fuels swiftly cut back on production last week, the government reported Thursday, sending energy prices jumping across the board.

Energy markets had largely brushed off a winter weather forecast this week for major winter storms in the East and icy, cold conditions even between Atlanta and Dallas.

The Energy Information Administration, however, reported Thursday that gasoline in storage fell by more than 5 million barrels at a time when most energy experts expected supplies to grow yet again.