
First it was Iraq or oil pipeline and now throw Iran under the bus...
From Crooks and Liars:
Riiiiiggggghhhhhhtttt. In the last week, gas in my neighborhood has gone up by at least 40 cents, significantly more in some spots. There's a couple of gas stations that have actually hit the $4.00/gallon mark.
ABC News :
ABC News :
Nothing moves the price of gasoline more than the price of oil, and fears that the standoff over Britons held captive in Iran will lead to a major disruption in the supply of Middle East oil is taking an escalating toll on gas prices here in the United States.[..]
In the last eight weeks, even before the current standoff with Iran, prices jumped 44 cents to a national average of $2.61 a gallon - 11 cents higher than a year ago.
Gas prices often shoot up in the spring, as refineries make the switch to summer-blend gasolines, creating glitches in supply. But the standoff with Iran has inflicted a double whammy on prices.
Gas prices often shoot up in the spring, as refineries make the switch to summer-blend gasolines, creating glitches in supply. But the standoff with Iran has inflicted a double whammy on prices.
"I believe crude oil prices are going to continue to rise 50 cents to $1 each," said John Kilduff, an oil trader for Fimat USA, "and every day that this goes on until they stabilize at some point above $70 a barrel."
Now that we have a Democratic majority again, I'd like to see them subpoena the oil companies for an actual on-the-record conversation (as opposed to closed door meetings with Dick Cheney) about price fixing and those record profits being realized.
Now that we have a Democratic majority again, I'd like to see them subpoena the oil companies for an actual on-the-record conversation (as opposed to closed door meetings with Dick Cheney) about price fixing and those record profits being realized.
1 comment:
This way oil companies can get more money buy using Iran. Look when Iran raises prices we'll know about it. The US crooks are running wild and getting as much as they can today before the fall of King George.
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