March 1, 2012
Is Gasoline for $5 a Gallon Inevitable?
Clifford Krauss, New York Times
. . .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. . .
TAGGED: Strait of Hormuz, gas prices, energy security, global oil market, iran, New York Times