Batten Down The Hatches: Preparing For Inflation’s Perfect Storm
Feb 20th, 2012 | By Tim GeorgeWith the announcement that Iran is halting its crude oil exports to Britain and France, oil prices shot to almost $105 a barrel in Asia today. Prices at the pump are already past $3.50 a gallon with the summer season still three months away, with some areas in California experiencing $4 or more a gallon. The impact goes far beyond families cutting back and where they go for summer vacation, however. Though oil prices were already rising, Iran’s decision to halt crude shipments has accelerated the cost spike. Once again, a single Middle Eastern country
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