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Left: This photo, originally published by the Sun Journal in 1962, shows gas prices at the former Jewett Ford auto dealership at 720 Main St. in Lewiston, during a gasoline price war in which major gas suppliers and independent gas stations fought to give the lowest price. An Aug. 31, 1962, article in Time Magazine said that such price wars forced 37 percent of America’s gas stations to close or change ownership in 1961. Right: Nearly 50 years later, regular unleaded gas was at $3.97 per gallon Tuesday at Cumberland Farms, 701 Main St., having peaked above $4 last week. Experts such as the Wall Street Journal’s Jonathan Welsh say prices are likely to continue to fall in coming weeks. And President Barack Obama addressed consumer concerns Saturday by announcing that the U.S. would open up oil drilling in Alaska and off the East Coast, although critics say those changes will not happen quickly or have an immediate impact on gas prices.
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