Our nation is now seeing average gas prices at $4 per gallon. And with the spring and summer travel season coming upon us, it is sure to rise. $5/gallon gas? Looks like it may be a reality. Unfortunately, with the economy still not back on its feet yet, this is, for many, going to be more than just a little pinch in the pocketbook.
There are several factors that cause higher gas prices. (And they are not necessarily what most of us think they are.)
First of all, oil costs are rising. And why are they rising?
1. Iran. ~ The turbulent times in Iran are part of the reason why gas prices are moving upward. Iran exports over 2 million barrels of oil per day. Iran lies near the Straight of Hormuz, a major traffic area for shipping oil. With Iranian instability, the fear of attacks or sanctions have…
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