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Story summary
- U.S. oil topped $100 a barrel on July 23, lifting the average gasoline price to $4.09 a gallon.
- AAA reported $4-per-gallon pump prices in states and a 1% rise in gasoline demand to 8.9 million barrels daily.
- Albertsons and Tractor Supply Co. cut their sales outlooks because higher fuel costs curb discretionary purchases.
- AFS Logistics CEO Andy Dyer said diesel rose 51% and jet fuel 90% YoY, sending truckload rates to a high.
