Gas price hikes easing? Not if Trump exits Iran deal, analysts say
11 May, 2018, 00:48 | Author: Roderick Gutierrez
That's 46 cents more per gallon than a year ago, and 20 cents per gallon more than just one month ago.
Update: President Trump tweeted Monday, "I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00 p.m".
H-E-B at 1101 W. Stan Schlueter Loop and 2511 Trimmier Road had the cheapest gallon of gas, priced at $2.43 a gallon, according to GasBuddy.com Saturday afternoon. Now at $2.81, today's national average is the highest since 2014.
Trump's decision to exit the Iran nuclear agreement and re-impose sanctions on the OPEC nation could lift prices even higher. Crude oil prices will see the immediate impact after this sanctions announcement.
Oil prices rose above $70 a barrel in Monday trading for the first time in three years. While Idaho's prices didn't change over the week, national average prices dropped.9 cents per gallon.
Crude oil exports were at 2.148 million barrels per day last week.
Industry experts say oil production is booming here in the United States, which should help keep the price of crude oil down.
$2.25 per gallon in 2017; $2.07 per gallon in 2016; $2.50 per gallon in 2015; $3.52 per gallon in 2014; and $3.66 per gallon in 2013.
As of May 8, 2018, national average sits at $2.81 a gallon, which is almost 50 cents more than this time a year ago.
The Dearborn-based auto club said early Monday that the average price for self-serve regular unleaded gasoline was about $2.85 per gallon, roughly the same as last week's average. Consumers in nine states are already grappling with pump prices that have hit the $3/gallon mark. On June 1, retailers must make the switch to selling the summer-blend gasoline.
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That marks Paris's strongest criticism of the USA president since his French counterpart Emmanuel Macron took office a year ago. Trump pointed his hand as if it were a gun while describing how each of the victims in Paris was fatally shot.
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Conte made six changes, but insisted his side should still have prevailed. "It is stupid to talk about the rotation", he said . Jubilant celebrations ensued and were to continue on the three hour, 45 minutes, near-200 mile journey back to Huddersfield .
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