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When you stop an instance, we shut it down. We don't charge hourly usage for a stopped instance, or data transfer fees, but we do charge for the storage for any Amazon EBS volumes. Each time you start a stopped instance we charge a full instance hour, even if you make this transition multiple times within a single hour.
I should stop restarting my instances so often then, no wonder my hourly usage was so high.
http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/Stop_Start.html
My Billing Dashboard -> Bills -> Details -> Elastic Compute Cloud
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