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Wed May 16, 2018, 10:06 AM

Gas Prices Jump As U.S. Exits Iran Deal

By GasBuddy | May 14, 2018

After pausing for a week, the national average has resumed its climb, rising 6 cents per gallon in the last week to $2.87, according to GasBuddy’s latest weekly survey of 135,000 gas stations. Average gasoline prices rose in all 50 states last week after oil prices reached $71 per barrel, the highest since 2014, following news of President Trump’s Iran withdrawal. Oil prices then cooled off slightly to end last week.

“Gas prices saw one of the largest weekly increases since Hurricane Harvey in the last week as oil prices continued to surge, leading to sharply higher prices at the pump, putting the U.S. in peril of striking the $3/gallon level for the first time since 2014,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.


“Some of the factors at play in the rising prices: President Trump’s withdraws the U.S. from the nuclear deal with Iran and oil supplies that have continued to drop as U.S. exports surpass Venezuela—a surprising feat given Venezuela has the largest proven oil reserves in the world. In addition, as money continues to flow into commodities as bets for higher oil prices rise, there’s a strong chance of seeing crude oil prices continue to rally in the weeks ahead, with the odds of hitting $3/gallon nationally now better than 65% just in time for the summer driving season.”

Looking state-by-state, the largest weekly changes in average gas prices were seen in: Ohio (+15c), Nevada (+12c), Delaware (+11c), Michigan (+10c), Florida (+10c), Wyoming (+10c), Minnesota (+9c), Kentucky (+9c), Missouri (+9c) and West Virginia (+9c).

https://business.gasbuddy.com/gas-prices-jump-as-u-s-exits-iran-deal/

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Reply Gas Prices Jump As U.S. Exits Iran Deal (Original post)
workinclasszero May 2018 OP
MythosMaster May 2018 #1
workinclasszero May 2018 #4
cilla4progress May 2018 #2
ProudMNDemocrat May 2018 #3
Bengus81 May 2018 #5
sinkingfeeling May 2018 #6
NewJeffCT May 2018 #7

Response to workinclasszero (Original post)

Wed May 16, 2018, 10:14 AM

1. Someone is winning

and it is not us.

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Response to MythosMaster (Reply #1)

Wed May 16, 2018, 10:17 AM

4. Republican control of government

is having it's usual effect.

The 1% prosper and the rest of us get ****ed.

Trump/GOP massive recession is coming right up.

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Response to workinclasszero (Original post)

Wed May 16, 2018, 10:15 AM

2. Yeah...

Thanks trump.

Where are the memes?

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Response to workinclasszero (Original post)

Wed May 16, 2018, 10:17 AM

3. This is Trump's economy now.......



Stop blaming President Obama. He got us out of the impending Depression brought on by the Bush Tax Cuts, 2 wars put on the Credit card, Medicare Part D that was a give-away to Big Pharma, the Housing collapse, stagnating wages, and the Dow dropping like a ton of bricks.

It is only a matter of time when the bottom falls out and it will be Trump that gets the blame.

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Response to workinclasszero (Original post)

Wed May 16, 2018, 11:12 AM

5. Gas here went up 20 CENTS yesterday...........

We're at 2.75 here in the Midwest,my guess 3.00 by Memorial Day. You know...that rip off price increase that happens every year just cuz.

Hmmm...when gas was 4.00 per gallon here all those years ago crude was at $140+ per barrel. Now it's half that and we're at 2.75 per gallon. So...5.50 per gallon coming to a pump soon. Hey....thanks Trump,hope all your idiot followers are enjoying that tax cut.

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Response to workinclasszero (Original post)

Wed May 16, 2018, 11:44 AM

6. Bye, bye, tax decrease.

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Response to workinclasszero (Original post)

Wed May 16, 2018, 12:17 PM

7. There goes that "free" Costco membership

we all got from the Trump tax cuts...

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