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March 1, 2012

Is Gasoline for $5 a Gallon Inevitable?

Clifford Krauss, New York Times


AP Photo

. . .With no clear end to tensions with Iran and Syria and rising demand from countries like China, gas prices are already at record highs for the winter months — averaging $4.32 in California and $3.73 a gallon nationally on Wednesday, according to AAA’s Daily Fuel Gauge Report. . .

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TAGGED: Strait of Hormuz, gas prices, energy security, global oil market, iran, New York Times

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