Gas Prices Soar as Middle East Unrest Continues
Posted on March 4, 2011Gas prices continue to soar because unrest in the Middle East is pushing up oil prices. Oil jumped to a 2.5 year high today as violence continues in Libya, a major oil producer.
Gas prices in the U.S. have climbed nearly 40 cents in the past month according to the AAA's Fuel Gauge Report. They have also climbed 15 cents in the past week. The L.A. Times reports that California has the nation's highest average gas price, at $3.845 a gallon. Gas prices will likely continue to climber higher. The summer driving season has not yet even started.