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Gas Prices Are Going Up No Matter What Happens In Iran

BLOGGIN' BAD w/ Gunny G! ~ HEY! NO MORE PC, REMEMBER! ~AMERICA CANNOT BE GREAT...YET! UNTIL... THE STAIN, STIGMA, STENCH AND SHAME OF "THE PRINCE OF FOOLS" IS "OFFICIALLY" AND FINALLY BROUGHT TO JUSTICE, AINOs (AMERICANS IN NAME ONLY) EXPOSED, AND THE SWAMP FLUSHED~FLUSH TWICE!-("FLOATERS") -POTUS .45 TRUMP COCKED and LOCKED!.....-ONE RIGHTEOUS MAN--IF WE CAN KEEP HIM! ~ Illegitimi non carborundum..!

Gas Prices Are Going Up No Matter What Happens In IranEconMattersFebuary 22, 2012Oil futures spiked more than 2% in one day to their highest level in nine months on Tuesday Feb. 21.

WTI front month contract closed at $105.84, while Brent ended at $121.66 on ICE, primarily on investors fear of potential conflict over the escalating tensions between the US, Europe, Israel, and Iran. A second Greek bailout deal of €130bn £110bn; $170bn also helped to inject some optimism into the market which would seem totally mis-placed as we may need to relive this Greek drama in two years.

Nevertheless, the fact remains crude oil market supply and demand has not changed a bit to warrant a 2%+ price jump in one day.The U.S. and its allies believe Iran is building nuclear weapons, which Tehran has vehemently denied. Last week, the European Union EU imposed a…

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