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Amid Europe’s Russia ban, renewables mismatch could drive long-term instability in US gasoline prices
- US gasoline prices have been falling for 13 weeks in a row.
- The European ban on Russian oil and gas could drive US gasoline prices higher, as global production plummets.
- Excessive emphasis on renewable energy is preventing much needed conventional energy investments.
9th September ECB credibility not so robust as rates hiked by 75 bps