Will Iran Sanctions Cause a Rise in Connecticut Gas Prices?
Will Trump's decision to withdraw from the Iran Nuclear Deal affect oil and gas prices in Connecticut?
A Southington resident claims she already went from spending $40 to $60 to fill her gas tank. AAA spokesperson Amy Parmenter told nbcconnecticut.com:
The re-imposing of sanctions against Iran will likely affect crude oil prices and that's the biggest factor when it comes to the price at the pump.
Tom Kloza, global head of energy analysis at OPIS says that oil prices will most likely not get close to the prices from 2011 to 2014 which were $3.40 to $3.60 per gallon. The countries of Germany, the UK, Russia, China, and France who are all still a part of the Iran deal thought that Trump made the wrong decision in getting out. The countries that thought Trump was doing the right thing were Israel and Saudi Arabia.
I'm aware it's a complex situation but what do you think? In the long run, will the world situation be better served by the United States withdrawing their support for the Iran Nuclear Deal?