The cause for High Gas Prices is the result of Supply and Demand,Euro and U.S Dollar about to collapse and Corporations Competing for the same Resources.High Gas Prices are also from tension in the middle east. Iran threatens to shut Strait of Hormuz. A third of all Shipped oil passes through the Four mile wide water. Most of the middle east Crude oil from Iran,Saudi Arabia the United Arab Emirates,Kuwait and Iraq is Transported through- Strait of Hormuz. High Gas Prices will effect everyone around the world. With a war Gearing up with Iran Strait is the Worlds most important oil shipping lane.
Gas prices fall by a penny to $3.39 per Gallon.Oil price falls 4 percent to $99 a barrel.
Benchmark Crude fell $3.77 at $98.82 a barrel
Gas Prices for the holiday will reach a high. For regular gas will hit a average of $3.37 a Gallon.Drivers will spend $490 billion by the end of the year. Oil is Hitting $100/barrel