Russia to halt gasoline exports in May

[phantom power]

MOSCOW, April 28 (UPI) -- Exports of gasoline from Russia will stop in May to address rampant shortages in parts of the country, a deputy energy official said.

Moscow is keeping fuel prices suppressed ahead of parliamentary elections in December and the presidential contest next March. Some gasoline stations in Russia that aren't owned by major oil companies are running out of gas and many cities, including St. Petersburg, reported dwindling supplies, Russia's state-run news agency RIA Novosti reports.

Russian Deputy Energy Minister Sergei Kudryashov said Russia might have to stop exporting fuel products to address domestic demand.

"I think we must satisfy the need at the expense of cutting exports," he was quoted as saying. "We have agreed now that oil companies will supply all their oil products to the domestic market."

Read more: http://www.upi.com/Science_News/Resource-Wars/2011/04/28/Russia-to-halt-gasoline-exports-in-May/UPI-88831303994503/#ixzz1KqrUppPF

[Champion Jack]

1. The oil, she has peaked

[leveymg]

2. Not the price, unfortunately.

[DCKit]

5. Actually, that's not the reason.

Gas prices have risen elsewhere so much that their producers have been exporting to the point of causing internal shortages.

Putin is putting Russia first, profit second. BTW, I can't stand the guy. He really creeps me the hell out.

[RC]

3. This is the excuse they need for $5.00 gas this summer.

[Champion Jack]

4. I'm bettin' 6,..6.50