Showing posts with label gas prices. Show all posts
Showing posts with label gas prices. Show all posts
Thursday, February 14, 2013
The price ordinary Americans pay for Iran sanctions
Gas prices here in northern California have jumped over 25 cents more a gallon since news of the latest sanctions against Iran, where the intended effect is to require Iran's oil customers to keep their payments at home and only release them in return for purchases of goods, effectively locking up Iranian oil revenue overseas.
The price of gasoline in Tehran is $2.28 a gallon (source: Expatisan cost of living index).
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