 AP Photo US media is warning gasoline consumers they are threatened with a possible mega price hike. If the long drawn out Iran crisis moved to war action like closing the Hormuz Straits this could spike barrel prices to $200, nearly doubling average US forecourt gasoline prices to $6 a gallon. . . TAGGED: oil, energy security, U.S. energy policy, Strait of Hormuz, iran, oil prices, economy, global oil market, EU energy policy, European Union, market oracleRECOMMENDED ARTICLES| In 2011, 9,616 MW of wind energy capacity was installed in the EU, making a total of 93,957 MW - enough to supply 6.3% of the EU's electricity, according to figures published today by the European Wind Energy Association... more ›› |
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