I predict gas will be $3(nyc) by summer, national avg $2.80

[GeneW]

If the Israelis bomb Iran, as they're threatening to do, gasoline could go as high as $10.00 a gallon if you can find it at those prices.

Gene

[NJBob]

Originally Posted by GeneW

If the Israelis bomb Iran, as they're threatening to do, gasoline could go as high as $10.00 a gallon if you can find it at those prices.

Gene

Gene, thanks positive bulletins...like we aren't depressed enuff already.

[GeneW]

Originally Posted by NJBob

Gene, thanks positive bulletins...like we aren't depressed enuff already.

Not trying to depress, Bob, but to inform.

The scenario I've heard discussed is that if the Iranians are bombed, especially in their fuel enrichment systems at Natanz and elsewhere, is that they will retaliate through various actions.

One of the favorite scenarios involve the Iranians scuttling a few ships in the narrowest part of the Straights of Hormuz. This would be occur concurrently with attacks on Saudi oil delivery systems and attacks on various Emirate terminals as well. I am not sure if the US has prepared for these attacks.

Even if the Iranians kept their antics to threatening oil shipments they would increase the risk of oil deliveries. This would lead to increases in shipping insurance and a spike in crude oil futures.

Right now I suspect that the Israelis are holding back on attacking Iran because of US pressure.

Gene

[jambo101]

Originally Posted by GeneW

If the Israelis bomb Iran, as they're threatening to do, gasoline could go as high as $10.00 a gallon if you can find it at those prices.

Gene

Is that $10gal for premium or regular?

[GeneW]

Originally Posted by jambo101

Is that $10gal for premium or regular?

Probably for anything that will make your car go...


Sounds like Mr. Obama is doing one thing right in my opinion - he's discouraging Israeli attacks on Iran.

Gene