Renewed tensions in Iran push oil, gas prices higher

July 6, 2012   // 0 Comments

(Chicago Sun-Times) Average gasoline prices, which had been falling for weeks, rose 4 cents a gallon Tuesday amid heightened tensions with Iran that pushed oil prices up more than 4 percent and that could portend even higher prices in coming weeks. Tuesday's increase came as Iran renewed threats to block a vital Middle East shipping route in the wake of Europe's Iranian oil embargo that took ...

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