posted on Feb, 3 2003 @ 01:45 PM
Gas prices went up during the first Gulf war then leveled back off.
I think I paid $1.46 a gallon yesterday when I filled up. Right now, because of Venezuala, war speculation, and because it's just been darn cold out
for quite a long period of time, gas is quite high in my area. It will probably rise in the event of war - regardless anything related to production
and rather the nature of the market. Some stations were charging $5 a gallon on 9/11 - I remember some gas stations publicly apologizing then offering
refunds to anyone that bought gas when they were raising the prices.
If everything goes well in Iraq, it 'may' cause prices to go down because the world will have access to their oil - any new regime will probably be
happy to sell large amounts of oil to make money, and make it fast.
If Venezuala gets their act together, we drill in Alaska, and buy Iraqi oil life would be good - I commute 60+ miles a day