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Gas prices rise amid series of incidents in Middle East

Winston-Salem Journal -- The heat isn't the only thing that has been rising in the Triad.

Gas prices jumped 7 cents a gallon over the past week amid escalating tensions in the Middle East.

The average price of regular unleaded gas was $3.33 a gallon Friday compared with $3.26 a gallon a week ago, according to AAA's Daily Fuel Gauge Report.

Statewide, the average price of regular unleaded gas rose 8 cents a gallon to $3.33 Friday from $3.25 a week ago.

Industry experts said the oil market is responding to a series of events in the Middle East, including concerns that Iran will try to block oil shipments through the Strait of Hormuz and increased fighting in Syria.

"One-third of the world's seaborne oil passes through the Strait of Hormuz," said Tom Crosby, a spokesman for AAA Carolinas.


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Submitted Jul 21, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas prices rise amid series of incidents in Middle East Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Jul 24, 2012 5:52:45 AM

let's face it, gas prices rise when a gnat in Siberia sneezes.
comprof
Champion Author Houston

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Message Posted: Jul 22, 2012 10:18:50 PM

The station in front of my strip center increased prices by 20 cents in two weeks.
Jeff4U
Champion Author Atlanta

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Message Posted: Jul 22, 2012 10:33:40 AM

Yep, we noticed buddy.
jrs4125
Champion Author Indiana

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Message Posted: Jul 22, 2012 6:24:09 AM

Middle East tensions..... this is not NEW.
DrCashFlow
Champion Author Massachusetts

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Message Posted: Jul 22, 2012 5:04:09 AM

Noise
BEGTWO
Champion Author Maryland

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Message Posted: Jul 22, 2012 1:16:02 AM

OH...NO!!!
WalRus49
Champion Author Boston

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Message Posted: Jul 22, 2012 12:44:18 AM

Just more organized mayhem and pillage..............
jkpsr
Champion Author New Jersey

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Message Posted: Jul 22, 2012 12:18:19 AM

Here we go again!
SparkieMi
Champion Author Kalamazoo

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Message Posted: Jul 22, 2012 12:13:33 AM

Any little or no reason to raise price!!!!!!
Number43
Champion Author Lexington

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Message Posted: Jul 22, 2012 12:10:20 AM

What about the new oil pipelines that would let the crude bypass the strait.They are in use NOW.
ronman
Champion Author Detroit

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Message Posted: Jul 22, 2012 12:08:52 AM

TornadoRed is an idiot
Dremwolf
Veteran Author Jacksonville

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Message Posted: Jul 22, 2012 12:08:45 AM

Anytime anything happens anywhere in the world speculators twitch and prices go up!
millerin
Champion Author Orlando

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Message Posted: Jul 22, 2012 12:08:28 AM

it's jumping more now
Number43
Champion Author Lexington

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Message Posted: Jul 22, 2012 12:08:24 AM

Speculation pushes up prices
Beboper
Champion Author Virginia

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Message Posted: Jul 22, 2012 12:07:06 AM

old news
judgemobile
Champion Author Ohio

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Message Posted: Jul 22, 2012 12:06:52 AM

any excuse, no matter how idiotic, is often used to justify price rise.
PrinceLH
Champion Author Ontario

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Message Posted: Jul 22, 2012 12:05:59 AM

Any excuse!
EASYRYDER
Champion Author Cincinnati

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Message Posted: Jul 22, 2012 12:05:57 AM

NObama 2012
ricoblanco
Champion Author Chicago

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Message Posted: Jul 22, 2012 12:04:28 AM

Yes, but of course
BMWer
Champion Author Calgary

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Message Posted: Jul 22, 2012 12:04:04 AM

Oh!.... what a surprise
jem069
Champion Author Detroit

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Message Posted: Jul 22, 2012 12:03:52 AM

Ok
Beaveronparade
Champion Author Hartford

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Message Posted: Jul 22, 2012 12:03:16 AM

Interesting article. There always seems to be a reason for gas prices to rise.
bmsgolf
Champion Author Amarillo

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Message Posted: Jul 22, 2012 12:00:35 AM

Thanks liberal media
toadNY
Champion Author Albany

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Message Posted: Jul 21, 2012 11:55:41 PM

Elect obama he said he will put a Stop to Speculation if elected. Oh wait you did an he didn't!
bonzoonfmb
Champion Author Florida

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Message Posted: Jul 21, 2012 11:54:08 PM

There is no shortage - gas prices should not be rising.
PrettyLittleLady
Champion Author Modesto

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Message Posted: Jul 21, 2012 11:53:37 PM

Some of our prices went up this week.
MDTDriver
Champion Author California

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Message Posted: Jul 21, 2012 11:53:20 PM

The World is getting to small more than 20 years ago this did not matter in the USA.
mimico1
Rookie Author Utah

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Message Posted: Jul 21, 2012 11:52:39 PM

If we would buy more ofour oil from Canada and continue too produce our own oil this would not be our problem.
Focus2
Champion Author Illinois

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Message Posted: Jul 21, 2012 11:50:03 PM

But they haven't tried anything but run off their mouth. That's not worth paying anything for!
saleboss
Champion Author Phoenix

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Message Posted: Jul 21, 2012 11:44:27 PM

It's always something, or the threat of something!
billy44bo
Champion Author Mobile

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Message Posted: Jul 21, 2012 11:42:56 PM

Greed runs the oil market
iceman11
Champion Author Ontario

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Message Posted: Jul 21, 2012 11:39:06 PM

been going up here steady for a month
PizzaMon
Champion Author Philadelphia

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Message Posted: Jul 21, 2012 11:36:54 PM

Convenient excuses for what MAY happen.
bkplenge
Champion Author Tallahassee

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Message Posted: Jul 21, 2012 11:35:19 PM

Prices did not rise amid tensions, but rose amid speculation!!

[Edited by: bkplenge at 7/21/2012 11:39:48 PM EST]
dougerstew
Champion Author Oregon

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Message Posted: Jul 21, 2012 11:33:43 PM

bad news...
TIGERPAW46
Champion Author Florida

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Message Posted: Jul 21, 2012 11:32:51 PM

Oil market is responding to the Speculators buying up supplies then holding the population hostage to paid them the profit they want on each barrel or do without. If you consider all speculators as a group I wonder what percentage of oil getting to the US market goes through them, & what percentage does it take to be considered a Oligopoly. Oligopoly doesn't have to control 100%. Maybe anything over %50 could still control the market & FIX prices.
Thomtec
Champion Author Nashville

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Message Posted: Jul 21, 2012 11:26:22 PM

Ok
pgerassi
Champion Author Milwaukee

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Message Posted: Jul 21, 2012 11:26:11 PM

More BS from CIF issuers.
Ray_10589
Champion Author New York

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Message Posted: Jul 21, 2012 11:25:47 PM

buy from Canada
mstearno
Champion Author Dayton

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Message Posted: Jul 21, 2012 11:24:48 PM

If Iran wants to keep the current do nothing administration they should help lower prices to keep his do nothing butt in office. Otherwise the shocker will be us drilling like crazy and buying from CANADA...
LostToo
Champion Author Illinois

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Message Posted: Jul 21, 2012 11:24:23 PM

It's $3.45 here...
tco9436
Champion Author Connecticut

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Message Posted: Jul 21, 2012 11:21:32 PM

the real reason is because some saudi prince lost a few million in vegas
gilfarm
Champion Author Alabama

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Message Posted: Jul 21, 2012 11:20:45 PM

Wondered what was causing the rise!
TornadoRed
Champion Author Minnesota

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Joined:Apr 2005
Message Posted: Jul 21, 2012 11:17:02 PM

QuagmireLA: not only do I "ignore" those who post one-word messages like "OK", but I also "ignore" all those who use key words like "greed", "speculators", "conspiracy" and "big oil".

Also, anyone who else who is brain dead.

Lastly, it was Franklin Roosevelt who said "we have nothing to fear but fear itself" -- not Winston Churchill.

Edit: I also "ignore" those who tell me I should drive less. They need to mind their own business, not tell me how to run mine.


[Edited by: TornadoRed at 7/21/2012 11:18:16 PM EST]
ace12012
Champion Author Phoenix

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Message Posted: Jul 21, 2012 11:16:44 PM

gas is up a few cents here.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Jul 21, 2012 11:14:46 PM

AGAIN.....with the Iran excuse. Oil jumped way up in Feb. and March to an Iran threat that never panned out. So once again, a threat is there so let those speculators raise the oil prices in anticipation of an oil shortage. When will we ever learn?
serrog
Champion Author Nova Scotia

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Message Posted: Jul 21, 2012 11:14:06 PM

Greed
Romey08
Champion Author Virginia

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Message Posted: Jul 21, 2012 11:13:33 PM

The middle-east is always an excuse to raise prices
AKmailman
Champion Author Alaska

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Message Posted: Jul 21, 2012 11:08:09 PM

gas prices to rise? who'd a thought !!!
hatterasjack
Champion Author South Carolina

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Message Posted: Jul 21, 2012 11:05:38 PM

We've got to get rid of our dependence on middle east oil.
WinderGuy
Champion Author Georgia

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Message Posted: Jul 21, 2012 11:03:06 PM

ok
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