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NEW YORK (AP) - Road warriors will receive little relief as they head out the door for this year's Memorial Day weekend as retail prices hover at all-time highs and gasoline futures plow higher on supply fears.
Gasoline futures gained 4.68 cents to settle at $2.407 a gallon Friday on the New York Mercantile Exchange. Light, sweet crude for July delivery followed to close at $65.20 a barrel, up $1.02.
The average retail price inched back from its record high of $3.227 on Thursday to $3.225 a gallon, AAA said, compared with $2.862 a gallon a year ago and $2.109 a gallon in 2005.
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