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Why Lower Oil Prices Don’t Bring Cheaper Gasoline
['Asia Sentinel']
Asia Sentinel
By: Tim DaissAs escalating hostilities between the US and Iran push crude oil to multi-week highs - with Brent futures surging toward US$98 a barrel - motorists across Asia and other major markets remain trapped paying elevated prices at the pump.
While crude had eased since mid-May from its wartime highs, gasoline and diesel costs consistently refused …