Tuesday, May 15, 2012
Gasoline prices are down
Good timing with Memorial Day coming up.
Meanwhile, The five permanent members of the U.N. Security Council and Germany have been will have high-level meeting with Iranian officials in Baghdad next week that may lead to an interim agreement with Iran on it nuclear ambitions.
If the agreement is substantial, Rightardia would expect the US to withdraw naval forces near the Strait of Hormuz..This would bring gas prices ever lower.
Regardless, don't expect the Israelis to be happy with the agreement. PM Benjamin "Bibi" Netanyahu would not be pleased unless Iran dismantled its nuclear program, something Iran is unlikely to even consider.
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