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Lower Gas Prices Possible

Lower Gas Prices Possible

Photo: WNAX


We all may see significantly lower gasoline prices in the coming months if Congress approves the pending nuclear agreement with Iran. Iowa Department of Agriculture fuels analyst Harold Hommes says Iran is stockpiling millions of gallons of crude oil.

Hommes says that new oil would put pressure on an already low market.

Reports indicate Iran has at least 30-million gallons of oil in storage, much of it on tanker ships which could be dispatched to the U-S, under the new agreement.

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