Fri, Aug 29, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Energy more

Europe’s energy suicide pact

Posted on 13 February 2012

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.
Today in Europe, with the Straits of Hormuz wide open, European gasoline buyers pay an average of around $2.15 or 1.60 euro per litre. This is $8.05 for one US gallon and $335 per barrel………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31