Sunday, February 27, 2011

Price of gas & crude oil going up - Libya oil prices

Price of gas & crude oil going up - Libya oil prices : Crude oil edged over the $100 a barrel before settling back back a bit by the end of the week. However crude did see a 13.5% increase because of the unrest in Libya and other Middle Eastern countries.

Gas prices are now well above $3 – nationally reaching $3.29 which is a 28-month high and 13 cents higher than the week before. Triple-A Mid-Atlantic says that analysts acknowledge that if the unrest spreads to Saudi Arabia, the world’s second largest oil producer and largest oil exporter, all previous gas price projections would be obsolete.Read More...
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