SNA - Higher oil prices start to pinch Asian consumers

San Francisco Chronicle, 13 Mar 2012 Surging oil prices are starting to pinch the pocketbooks of Asian consumers and could quicken inflation and slow economic activity in a region that has led global growth in recent years. The jump in crude — the U.S. benchmark is trading near a ten-month high of $107 a barrel from $75 in October — has sent fuel prices higher across Asia, where only Malaysia is a net oil exporter among the major economies. In Singapore, for instance, a liter of 92-octane gasoline at ExxonMobil stations has risen 6 percent this year to 2.15 Singapore dollars a liter ($6.48 a gallon).

Full article: http://singaporenewsalternative.blogspot.com/2012/03/high...

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