“The price of gasoline is starting to surge everywhere, an inflationary omen for central banks and governments the world over.

Futures just soared to a nine-month high in New York, sending shock waves through to the pump, while prices have also been rising in Asia. Markets for the motor fuel have tightened worldwide due to a combination of unexpected refinery outages

plus lower-than-normal stockpiles in key storage hubs such as the US Gulf Coast and Singapore for this time of the year.”