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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsClosed Strait of Hormuz "could lead to gas at $7 per gallon. HAVE YOU SAID THANK YOU ONCE to Grampy? HAVE YOU?
"The war in Iran and the closing of the Strait of Hormuz has actually been buffered by the fact that all of these tankers were at sea at the time that the Strait of Hormuz closed," said Michael Ross, a professor of political science at the University of California, Los Angeles, speaking with ABC.
"So all of that supply has still been making its way to consumers. This is the last shipment of that supply that was keeping prices relatively stable. So that should worry us."
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With shipping vessels taking months to reach the United States from the Strait of Hormuz, the United States oil imports from the region have largely gone uninterrupted amid the U.S. war against Iran and the partial closure of the strait that is, until Monday after the oil tanker named the New Corolla delivered 2 million barrels of crude oil to the Los Angeles County port.
"It would probably lead to gasoline that rises from $6.50 to $7 a gallon," said Patrick de Haan, an analyst for the data platform GasBuddy, speaking with CBS News. "It could lead to diesel that is approaching $8.50 or $9, and it could be restrictive for some airlines."
https://www.rawstory.com/gas-prices-2676852986/
bucolic_frolic
(55,656 posts)maxsolomon
(39,047 posts)Etsy sells them too.
gordianot
(15,787 posts)Submariner
(13,417 posts)knowing an Iranian nuclear tipped missile wasn't going to blow my CPAP to smithereens. Peace.