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Will High Gas Prices Hurt Obama?

Oil hit a 9-month high yesterday thanks to Iran halting exports to Europe in advance of a ban on Persian oil. Pundits have in recent days been crowing that the resulting higher gas prices, which could go above $4 a gallon within the next few weeks if tensions in Iran continue, could hurt the presidents’ election prospects. Republicans like John Boehner are urging conservative politicians to embrace “pump anger.
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Oil hits 8-month high

Business & Finance : Business Report

Brent crude rose, briefly hitting an eight-month high above $121 a barrel, as Iran halted exports to British and French companies ahead of a European Union embargo. ||| Brent crude rose on Monday, briefly hitting an eight-month high...

Chart of the Day: Oil vs. Gasoline Prices

Business & Finance : Carpe Diem

The chart above from GasBuddy shows regular gas prices and crude oil prices over the last three months. Gas prices have increased by about 7.5% over the last three months from $3.34 to $3.59 per gallon, while crude oil prices have i...

Iran could ban EU oil exports

Business & Finance : Business Report

A law to be debated in Iran's parliament could halt exports of oil to the European Union as early as next week. ||| A law to be debated in Iran's parliament on Sunday could halt exports of oil to the European Union as early as next ...

As Gasoline Prices Drop, Americans Swing To Favor Oil Exports: Poll

Business & Finance : Business Insider: Clusterstock

By Jonathan Leff NEW YORK (Reuters) - Americans are more likely than ever to favor easing a ban on exporting crude oil, so long as it does not lead to higher gasoline prices that have recently sunk to near $2 a gallon, according to ...

Lifting of US Crude Oil Export Ban Possible within Year

Vehicles / Watercraft : MarineLink.com

The U.S. Congress could lift the 40-year old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian

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