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Tensions Raise Specter of Gas at $5 a Gallon
New York Times ^ | 2/29/12 | Clifford Krauss

Posted on 02/29/2012 10:18:30 PM PST by Nachum

Houston - Gasoline for $5 a gallon? The possibility is hardly far-fetched. With no clear end to tensions with Iran and Syria and rising demand from countries like China, gas prices are already at record highs for the winter months — averaging $4.32 in California and $3.73 a gallon nationally on Wednesday, according to AAA’s Daily Fuel Gauge Report. As summer approaches, demand for gasoline rises, typically pushing prices up around 20 cents a gallon. And gas prices could rise another 50 cents a gallon or more, analysts say, if the diplomatic and economic standoff over Iran’s nuclear ambitions escalates

(Excerpt) Read more at nytimes.com ...


TOPICS: News/Current Events
KEYWORDS: gas; raise; specter; tensions
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To: Nachum
You can buy these post it notes. Or make your own for when you gas up at the pump.
41 posted on 03/02/2012 1:46:04 PM PST by KeyLargo
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