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March 12th, 2012 
FAKE NEWS for the Zionist agenda According to Lundberg Survey, average gas prices have risen over 12 cents over the past two weeks. The gas price is 30.87 cents higher than a year earlier when the average was $3.50.
Gasoline consumption in the US slipped 1.2 percent, and the amount of the fuel supplied by refineries over the past four weeks was 7.8 percent less than a year earlier.
“As refineries complete their maintenance, overall motor-gasoline supply will become more generous, and this will probably put a stop to the price rise,” Lundberg Survey’s president Trilby Lundberg said. “This of course depends on whether crude-oil prices cooperate.”
Global oil prices have continually climbed this year following Iran’s move to cut oil sales to British and French firms in reaction to the EU’s anti-Iran embargos. Tehran has also announced it may halt oil exports to more European countries.
EU foreign ministers approved sanctions against Iran on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s Central Bank within EU states and a ban on selling diamonds, gold, and other precious metals to Tehran.
A newly released report by the Business Insider says if the flow of Iran’s oil exports is disrupted, the main importers of the country’s crude will be hit the hardest.
AO/MYA/HJL
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