All posts tagged: Mahmoud Ahmadinejad

Are You Wondering Why Gas Prices Have Fallen Recently?

The New York Times reports that gasoline prices are tumbling just in time for the holiday shopping season to begin. “Consumers can thank the tentative reduction in tensions in the Middle East and swelling supplies of domestic oil for their good fortune, and energy experts say prices could fall further if negotiations between the West and Iran progress.” It’s curious to think we may have to thank Iranian President Hassan Rouhani, and the Supreme Leader, Ayatollah Ali Khamenei for low gas prices this holiday season. The former Iranian president, Mahmoud Ahmadinejad could talk prices up but recent negotiations in Europe over Iran’s nuclear developments are bringing them down. The actions, or lack of actions, of the United States in the middle East could help grow our economy and make the holiday season more cheerful. There was a spike in oil and gasoline prices over the summer after the Egyptian army staged a coup and when the United States appeared poised to take military action in Syria. The Brent oil benchmark climbed above $115 a barrel in …