by Keith Johnson
http://revoltoftheplebs.wordpress.com
The New Year kicked off with the highest January gas prices in history, due in large part to the tensions between the U.S. and Iran. According to the American Automobile Association (AAA), the average price for a gallon of regular unleaded gasoline in the United States is roughly $3.38, nearly 30 cents higher than a year ago. It’s bound to get worse. Yesterday, Bloomberg reported that oil was trading “near $100 in New York on concerns that Iran may respond to a European embargo on its crude exports by following through on threats to disrupt Persian Gulf shipping.”
The oil market is largely driven by headlines, and soars every time the West shakes their fist at one of Israel’s enemies. That not only drives up the price you pay at the pump for a gallon of gasoline, but also affects the cost of every product and service that travels by way of land, air or sea.
Sure, there are other factors that play into the price of oil—demand, speculation, taxes, environmental regulations, refinery capabilities, etc., etc. But for at least the last twenty years, war (and rumors of war) have been the major driving force.
On February 19, 2008, former (and I might add deceased) Representative John Murtha (D-PA) stated, “Oil was $27 per barrel before the war in Iraq started. Today it’s $86 a barrel. Gas at the pump was $1.76 per gallon before the war in Iraq. Today it’s $3.02.”





























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