March 6, 2012
How Iran & Russia Could Cause an Oil Shock
David Francis, The Fiscal Times
The good news behind the price increase that sent gas to $3.76 a gallon this past weekend is that it is being driven in part by the improvement in the economy and major stock indices. The bad news behind the spike – and the primary reason gas prices are expected to continue to rise through the summer –Iran.
TAGGED: Oil, Russia, Iran