By Leftlane Staff
Tuesday, Mar 14th, 2006 @ 6:18 pm

Gasoline prices are at their highest levels since last November 9, with the current nationwide average price of self-serve, regular unleaded gasoline at $2.363 per gallon. This is more than 6 cents higher than last month and more than 33 cents higher than a year ago. The price picture for gasoline will clarify in the next few days once it is known whether OPEC will keep oil production unchanged and if Iran will be referred to the United Nations Security Council for possible sanctions due to its nuclear research program. While energy analysts are divided on what the OPEC nations will agree to do at tomorrow’s meeting, they do have some optimism that Russia will reach a deal with Iran, whereby they agree not to engage in the processing of uranium on a scale needed for nuclear weapons for at least seven years.

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