To start the work week our blog community calls out a serious consumer slap in the face at the outset of American military action.
KANSAS CITY INSIDERS REPORT GAS PRICES SPIKING LESS THAN 48 HOURS AFTER CONFLICT WITH IRAN!!!
Sure, there's a lot to worry about with nearly 20% of the global oil supply having to travel through the embattled Strait of Hormuz but we're talking about gas that is already in local pumps getting as much as 15 & 20 percent increases seemingly based on nothing more than news headlines.
Here's the word from a TOP KC ECHELON insider . . .
"Actually, this is a disgrace, the gas station down the street hiked their prices 30 cents on Sunday. That's more than 15%, it's like they don't think anybody will notice and sadly we can only look forward to more of this as time goes on . . . I've talked with the AG offices in both states about this issue over the years and price gouging rules only apply "during a state emergency" and right now we're not there . . . But it's very discouraging that so many trusted local chains and gas stations across the greater KC area have given us a very cynical look at the future."
And so . . .
AGREE OR DISAGREE ABOUT THE MERITS OF CONFLICT AGAINST IRAN, RIGHT NOW KANSAS CITY MUST COPE WITH A QUICK COST UPTICK AT THE GAS PUMP THAT ONLY LOOKS TO GET WORSE OVER TIME!!!
Moreover . . .
We all know that rising fuel costs trigger higher prices for food and everything else . . .
Read more via www.TonysKansasCity.com link . . .
BBC: Oil prices jump and shares fall as conflict escalates
FT: Oil and gas prices soar and stocks slide as Middle East conflict escalates
Developing . . .
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