Home California AAA: Crude Oil Prices Spike Following Saudi Arabian Oil Facilities Attack

AAA: Crude Oil Prices Spike Following Saudi Arabian Oil Facilities Attack

by ECT
According to AAA, Americans can expect to see a price jump coming this week after an attack on oil facilities in Saudi Arabia over the weekend. The national gas price average is currently at $2.56.
In California, Californians pay the second highest amount per gas at $3.63. Only Alaska pays more at $3.64.
The attacks have taken 5.7 million (crude) barrels per day off the market, accounting for about 6% of the global supply.
“Americans can expect local pump prices to start to increase this week. The jump could end up being as much as a quarter per gallon throughout this month,” said Jeanette Casselano, AAA spokesperson. “Whether this is a short or long term trend will be determined by the price of crude oil prices and how quickly the facilities in Saudi Arabia can recover and get back online.”
Today’s national gas price average is 7 cents cheaper than last month and 28 cents cheaper than this time last year. But these gaps are likely to shrink as the market adjusts to the news and crude oil prices increase.

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11 comments

Carrie Sep 17, 2019 - 8:06 am

Here we go, another false flag. Let’s go attack another middle eastern country in an never-ending war because of OIL. Let’s say we don’t have enough money for education, healthcare, the future of our young Americans because oops! we have to spend countless billions $$$ on missiles, aircraft carriers, jets, ammunition, and other weapons. Murikkka!!!!

Roxanne Fox Sep 17, 2019 - 5:40 pm

I’m not convinced that Iran is looking for a ‘deal’. I see them having a plan A and a Plan B. Plan A includes lifting of all sanctions in return of more “promises’ about halting their nuclear development without oversight. They know Trump is no Obama & have Plan B. Trying to provoke us enough that we will fire on them…which we should have done long ago, even before Trump begged Bolton to join in. Trump KNEW all along what Bolton would suggest and he still begged him to join his administration. Bolton was right! We need to turn Iran into a parking lot. Should have done that right after our Americans, held for 444 days of torture, were released.

Their finances are in shambles and (maybe) the fear card will encourage Europe to rally against USA….We really should have done more when the green shirts protested with Bush as president.

Carrie Sep 17, 2019 - 8:18 pm

“Turn Iran into a parking lot”????

You’re insane and a disgraceful human being.

Iran is a beautiful country with rich history wayyyy older than the USA. Delicious food, gorgeous landscapes (not just desert), delicious food, and beautiful chicas.
You show how much of a pawn you are. Encourage war on peoples you don’t know, for rich old men who don’t care about your life.

Richard Sep 18, 2019 - 8:34 pm

Today, because Trump put up more sanctions against Iran, they made no bones about threatening us with war. You don’t sit by idly and let a threatening bully do it, you strike first and strike hard. I don’t care about their history or their food and their chicas with their nose jobs.

I would first hit their mountain regions where they are working on nuclear weapons underground. A couple of nice big MOABs (Mother Of All Bombs) would start the ball rolling.

Trump warned them! Now it’s time for action!

Larry Sep 19, 2019 - 5:36 am

So you stop a bully by being an even bigger bully? Trump is showing that he’s Saudi Arabia’s b*tch even more, trying to fight their battle for them. If he wants a war, maybe he should sign himself up for it. But oh, the rich never do that.
You just sound like a pawn Richard. Have you ever visited the VA before? Nothing glorious about war. Especially when the ones starting it never have to endure the pain.

Roland Sep 20, 2019 - 1:49 am

So, Larry! It’s perfectly OK with you if someone attacks our country and you would just open the door and say, “COME RIGHT IN!” Iran has been threatening us for decades! They now have the means to develop nuclear devices and you know whom they will be selling them to!

Iran went after the Saudis as a message for us! You bet we would go to war over OIL. It’s our lifeline, because so many people are afraid of nuclear power, which would free us from the almighty oil.

Grace Sep 20, 2019 - 1:52 am

How about for rich YOUNG men! There are plenty of those, too! Or would you prefer POOR old and young men? Yes! Iran has been taunting us for a very long time. It’s high time they learned their lesson

Tammy Sep 21, 2019 - 12:47 pm

Yes, the very wealthy JOHN KERRY … even took a camera crew with him to document his Viet Nam adventures and got a kernel of rice embedded in his butt to show for it. Of course, he committed treason by siding with the enemy in Paris, but was forgiven and Obama even made him Secretary of State as a gesture of thanks!

Jg Sep 19, 2019 - 1:44 pm

Many wealthy people have signed up to defend the rights all you take advantage of. You don’t need to be on the battlefield to help defend freedom. When the world life blood is being threatened, the strong need to step up and stop it for the entire well being of society. No one wants war. We can also stand back and draw a fake line in the sand that we will not defend. We also shouldn’t send pallet loads of cash on planes thinking these radicals will behave. The last halfwit president did nothing but enrich enemies of freedom. If you wanna bitch then go back a few years of nothing being accomplished for American freedom. God bless America for standing by its allies and visa versa. Remember , if you don’t like it here just leave.

Jg Sep 19, 2019 - 1:44 pm

Many wealthy people have signed up to defend the rights all you take advantage of. You don’t need to be on the battlefield to help defend freedom. When the world life blood is being threatened, the strong need to step up and stop it for the entire well being of society. No one wants war. We can also stand back and draw a fake line in the sand that we will not defend. We also shouldn’t send pallet loads of cash on planes thinking these radicals will behave. The last halfwit president did nothing but enrich enemies of freedom. If you wanna bitch then go back a few years of nothing being accomplished for American freedom. God bless America for standing by its allies and visa versa. Remember , if you don’t like it here just leave.

Ted G Sep 19, 2019 - 6:32 pm

Here we go again with more staged events.

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