Thursday, April 27, 2006

Gas Prices to Climb In Iran, Could Hit A Whole Dollar!

Author: Nick
Category: Money
Topics:

While pump prices in the United States have risen over 40 cents a gallon in the last month alone, Iranians are preparing for the impact of having to pay more than 40 cents a gallon total for their gasoline.

Despite being number two in the world for oil reserves, Iran could soon see rising gas prices as its government gets ready to stop subsidizing and start rationing it. The reason for the ration plan, says the Iranian government, is that dirt cheap gas is causing heavy congestion and straining Iran’s limited oil refining capabilities. Iran’s oil refineries already only produce just over half of the country’s gas, and the government is tired of having to rely on importing fuel from other nations.

It’s hard to imagine that a country like Iran has problems being self-sufficient in energy. Then again, at the rate prices are climbing in the U.S., it might soon be cheaper to drive to Iran, fuel up there, and drive all the way back!

No comments yet.

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

u comment, i followPlease note: By posting a comment, you agree to abide by the Comments Policy. Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

 

 

Stay on top of market activity and trade with confidence using real time markets .Click here to Download bettertrade product .

Visit RapidAdvance for a great alternative to a business loan.

Bad Credit Payday Advance - Simple online form and introduction to short term loans with no credit checks.
Car Finance - Car Loans for bad credit. Apply online now.
Highest CD Rates
Cash Loans
Loan for people with bad credit
Car Insurance
Payday loans

Search

Topics

Archives

 

  • Clean Credit - we use our v phase process to clean your credit by auditing the credit bureaus and creditors