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Originally Posted by GM CEO
"[Oil prices] are too high right now and they will come back down," Wagoner, adding that consumer behavior isn't expected to be negatively impacted by current gas prices. "We don't expect [oil] to get to a price range when it would affect behavior," Wagoner said.
He said gasoline prices would conceivably need to be well in excess of $3 a gallon in order to significantly hurt consumers.
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Sell Honda shares and buy GM ...sure.
