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NEW YORK — Oil prices on Tuesday jumped above $90 a barrel for the first time in more than two years, a milestone for analysts who say tightening supplies will eventually drive prices above the $100 mark next year.
The recent surge in oil pushed gasoline and other fuel prices higher as well. Average heating-oil and diesel prices are expected to increase year-over-year for the first time since 2008, and the Oil Price Information Service said gasoline prices may hit a national average of $3 per gallon before Christmas Day.
