Energy · 34 views
High Gas Prices Are Just the Start of a Much Deeper Energy Crunch
When a major oil shock hits, most Americans notice it first at the pump. That’s exactly what’s happening now.
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Summary
When a major oil shock hits, most Americans notice it first at the pump. That’s exactly what’s happening now. Since the February 28 attack on Iran and the subsequent disruption of tanker traffic through the Strait of Hormuz, U.S. gasoline and diesel prices have moved sharply higher.
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