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Tuesday, 3 January 2012

Iran oil standoff could mean higher gas prices

From On Tuesday alone, the price of Brent oil climbed 4 percent, the "psychological cost" could add $10 to $20 per barrel. This tacks on roughly 25 to 50 cents to the price of a gallon of gas. If an actual supply disruption were to take place, the impact could be much worse.

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