What do Iran sanctions cost you? About 25 cents a gallon, experts say.

Thursday, 5 April 2012
Christian Science Monitor

Twenty-five cents a gallon – that's about how much some international energy experts say the tough US sanctions on Iran's oil industry are costing Americans at the pump. ... "The approach is always that the costs are for them and the benefits are for us," says Bill Reinsch, president of the National Foreign Trade Council (NFTC), a Washington lobbying organization that generally opposes economic sanctions. "The Iran case is interesting," he adds, "because of the impact of sanctions on our energy sector."

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