Will conflict in Syria increase gas prices?
DAMASCUS, SYRIA – You don’t need to be a strategist to understand that if the U.S. and it’s allies attack Syria, your credit card will also suffer. Here’s a simple trend: when cruise missiles start falling down, gas prices tend to go up!
To be fair, you can’t compare having to pay a few extra bucks to feed your car with seeing craters, demolished buildings and dead bodies around your neighborhood. Although, you know the saying: it’s the economy, stupid.
“Yes, if there is an attack on Syria gas prices will go up,’ says Professor Craig Pirron, Director of the Global Energy Management Institute at the University of Houston. ‘Not because Syria is a big oil producer, but because of fears of wider disruption of oil production and shipments out of the Gulf region.”
Currently, gasoline averages $3.55 a gallon nationally, down from $3.63 a month ago.
So, if you were expecting even cheaper gas in the months to come, spoiler alert! — the Arabs are still waiting for their so-called spring.