Posted on 07/31/2015 10:32:58 PM PDT by WilliamIII
U.S. drivers can look forward to $2 gas later this year, thanks in part to the Iran nuclear deal announced Tuesday. Gas may only dip a few cents when the Iranian oil first starts to flow again, but by September drivers could see big savings. "Once we get past Labor Day, we should see gas falling by 10 to 15 cents a month," said Tom Kloza, chief oil analyst with the Oil Price Information Service. "By December a lot of places are going to see gasoline at $2 or less." Iran hasn't been able to sell oil to the United States since 1995. Most major Western countries imposed sanctions within the last five years aimed at curbing Iran's nuclear program. Instead it's been selling to China, India, Turkey and other developing markets.
(Excerpt) Read more at money.cnn.com ...
I hate being bipolar.....its awesome!
Unless the Odumass administration has another side deal with Iran to shut down U.S. domestic production and start sending billions to Iran...
I really can’t remember, but isn’t this one of the months they use to set the next years cost of living increase for social security recipients.
$2 gas should be back now, it’s trading under $50 a bbl yet it’s still at $3.
So what will happen to gas prices when Iran starts setting off nukes?
We should drill here and leave the Middle East to figure out its own problems.
Moonbeam has and will continue to have a say in this for us stuck in California.
I have no idea!
Social Security cost of living increases are based on the third quarter. A COLA effective for December of the current year is equal to the percentage increase (if any) in the average CPI-W for the third quarter of the current year over the average for the third quarter of the last year in which a COLA became effective. If there is an increase, it must be rounded to the nearest tenth of one percent. If there is no increase, or if the rounded increase is zero, there is no COLA.
July, August, September numbers. I wonder how this correlates with the monthly gas prices during Obie’s reign, more research for me to do.
Iranians: “We’ll trade you ten gallons of $2.00 gas for ten nuclear bombs.”
Democrats: “Is that a deal, or what! Where do we sign.”
Saudi oil, for example, was entirely bought, owned and paid for by US corporations. Those corporations were forced to return the Saudi oil rights to "the Saudi People" by both Truman and Eisenhower using US government force. American corporations were forced to give back for free, to the Saudi King, oil rights they had legally purchased.
In fact, it was the US government that assured that the Saudis would have immense disposable wealth to begin funding (Wahabbi) Islamic terrorism as never seen before on a global scale.
We could have had all the Saudi oil for very little, and they would have had NO ability to manipulate oil markets or fund terrorism and militant Islam.
With both Iran and Saudi Arabia (OPEC), we did it to ourselves, and we continue to screw ourselves to this day.
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