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Q: What was the price of gas in middle east per gallon in 1970?
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Opec


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Ayatollah Khomeini


Middle East Oil Organization in the 1970's abbr?

OPEC


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When war breaks out in the Middle East does the price of petrol in Europe rise?

Almost always, yes.


Why is gas prices a problem?

People are upset about gas prices because gas is currently over $4 a gallon, which they find ridiculous. Many people remember when gas was 30 cents a gallon. Gas prices are high for a number of reasons. For starters, most of the world's oil comes out of the OPEC nations, most of which are located in the Middle East. With all of the unrest in the Middle East, the people who control the flow of oil are nervous, so they raise the price. Also, the OPEC nations simply aren't producing as much oil these days, and the amount of oil available determines the price.


What monopoly was formed by oil-producing nations of the middle east to control the supply and price of oil?

OPEC


What makes the middle east the middle east?

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the term middle east means the middle of the east.