Fear of Iran is inflating gas prices
February 23rd, 2012
07:30 AM ET
11 years ago

Fear of Iran is inflating gas prices

New York (CNNMoney) - Tensions with Iran are adding at least 30 cents to a gallon of gasoline in the United States, and experts say gas prices have only just begun to rise.

Gasoline prices have surged over 10% in the last two months, largely tracking the runup in oil prices, which have increased by a similar amount and are now at a 9-month high.


Filed under: CNNMoney.com • Energy • gas prices • Iran
soundoff (3 Responses)
  1. vote the Tea Party OUT in 2012

    oh don't worry the Republicans will just blame Obama for it. They've already started in fact. Just a few months ago in Texas I saw gas under 3 dollars a gallon many places BUT I don't recall any Republican giving Obama credit when the gas prices went down. Then you read the even MORE ridiculous statements that Obama PLANNED all of this so more people will buy electric cars. Yeah right. In an election year the president wants gas prices to skyrocket which would possibly cause a slow down in the recovery and hurt his chances of being reelected. Now that you think of it maybe the GOP is behind the gas prices.

    February 23, 2012 08:38 am at 8:38 am |
  2. diridi

    My advise, do not drive, and conserve Energy. If you have to go, make a list, and go once and come back home, or apartment, enjoy a nice James Bond movie, with nice coffee. This way we can save, and conserve Oil, and hit OPEC. When we do not use their Oil, Consumption reduces, Oil prices fall. Till we see less prices on Energy-Efficiency Cars, and Hybrid Cars, and Fuel-Cell-Cars, we do this. I am doing the same, before telling you all. Do these tips. God bless.

    February 23, 2012 08:41 am at 8:41 am |
  3. shahin

    It's called fearmongering. I'm surprised you yanks still haven't learned from the past 30+ times this happened...

    February 23, 2012 09:02 am at 9:02 am |