Fourth of July celebrations just got a bit more festive with a recent drop in gas prices. If it lasts much beyond the Fourth of July will depend on turmoil in Egypt and across the Middle East, the economy, and especially hurricane season.
For the moment, Baghdad won't be able to stop the Kurdish oil and gas momentum growing in Northern Iraq, Alic writes. Once the pipeline is up and running, the game is over and Baghdad doesn’t have the resources to turn it into a conflict.
Weak economic growth in the US has led to a dramatic decline in motor gasoline demand, Gagliardi writes. Not only has gasoline demand been weak since 2009, it has been successfully lower roughly each year to year the date in 2013.