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Gasoline and fuel prices have reached their highest level since the summer of 2007 when the oil price had peaked at $ 147/barrel. American consumers suffer more from the hike than Europeans, who are shielded by the revaluation of the Euro and high excise taxes softening the repercussions on fuel/gasoline prices. But US drivers having to pay € 0.9/litre and ride fuel-inefficient cars definitely feel the crunch.

Author :
EurActiv Network