Oil may be at $102 a barrel but the rapid increase in gas prices essentially just shows that the new price of gas is not a reflection of oil prices only, but a reflection of the extreme market panic that the Strait of Hormuz could remain closed all summer long.
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Oil may be at $102 a barrel but the rapid increase in gas prices essentially just shows that the new price of gas is not a reflection of oil prices only, but a reflection of the extreme market panic that the Strait of Hormuz could remain closed all summer long.