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The sign in front of a BP gas station in Brunswick, Ohio shows the price of one gallon of unleaded regular gasoline to be $1.89.9 on Monday, Nov. 10, 2008. Oil prices fell to near an 18-month low of $60 a barrel Tuesday as hopes waned that a huge Chinese spending plan will do much to avert a prolonged slowdown in the global economy.
A sign at a BP petrol station is seen in London, Tuesday, Oct. 28, 2008. BP, Europe's second biggest oil producer behind Royal Dutch Shell PLC, posted net profit of US$8.05 billion for the July to September quarter, up from US$4.41 billion in the same period a year earlier. "The high oil price of the third quarter obviously helped our absolute result," said Chief Executive Tony Hayward.
A man walks near a sign for a BP petrol offer in London October 27, 2008. Oil major BP beat all forecasts and reported a 148 percent rise in third-quarter replacement cost profits, compared with the same period in 2007, to a record 6.4 billion pounds, thanks to higher oil prices. Picture taken October 27, 2008.
A sign for a BP petrol station is seen in London October 27, 2008. Oil major BP beat all forecasts and reported a 148 percent rise in third-quarter replacement cost profits, compared with the same period in 2007, to a record 6.4 billion pounds, thanks to higher oil prices. Picture taken October 27, 2008.
CHARLOTTE, NC - SEPTEMBER 30: Plastic bags cover handles on empty pumps at a BP gas station at the corner of Independence and Idlewild September 30, 2008 in Charlotte, North Carolina. A hurricane induced gas shortage in the area has left many service stations dry, and motorists scrambling to find gas for their vehicles. This gas station received a shipment of gas last night, opened for business at 6 a.m., and were out of fuel by 11:30 a.m.
CHARLOTTE, NC - SEPTEMBER 30: Empty pumps are covered with plastic bags at a BP gas station at the corner of Independence and Idlewild September 30, 2008 in Charlotte, North Carolina. A hurricane induced gas shortage in the area has left many service stations dry, and motorists scrambling to find gas for their vehicles.
CHARLOTTE, NC - SEPTEMBER 30: Empty pumps are covered with plastic bags at a BP gas station at the corner of Independence and Idlewild September 30, 2008 in Charlotte, North Carolina. A hurricane induced gas shortage in the area has left many service stations dry, and motorists scrambling to find gas for their vehicles. This gas station received a shipment of gas last night, opened for business at 6 a.m., and were out of fuel by 11:30 a.m.
Founder and Chairman of BP Capital Management T. Boone Pickens participates in a panel discussion during the Clinton Global Initiative in New York September 25, 2008. Established by former U.S. president Bill Clinton in 2005, the event is designed to bring donors together with people in need to try to solve global problems.