Unnoticed in the recent upheaval surrounding the fallout from the Iranian elections earlier this month has been how it could affect the price of oil, and therefore the price of gas. And according to Fox Business Network “Happy Hour” co-host Eric Bolling, the longer this goes, the more likely you’ll see it at the gas pump.
Bolling appeared on the Fox News Channel’s “Your World with Neil Cavuto” on June 19 and explained how events in
“Now think of this – it takes about 45 days to take a barrel of oil, run it through a refinery and hit the pump, the price at the pump,” Bolling said. “So knowing this, for the next two or three weeks, at least, at minimum, pump prices will continue to rise. It may go down a penny or two here, but in general they’ll continue to rise.”
Bolling told Cavuto consumers would see another 20 cents added to the price going forward at minimum.
“Right now, $2.69 [a gallon] average – there’s probably another 20 cents at least already baked into the price, the pump price you’re going to see going forward,” Bolling said.
Last summer, the
“If you see a continued uprising in the Middle East, whether it’s through civil war in
However, the one wildcard Bolling said would be
“I will tell you the most interesting, the most intriguing part of this whole thing going on here is