WASHINGTON - Don't get too comfortable with the price you see on that gas pump.
The average price of unleaded regular dropped a penny to $3.10 per gallon in the D.C. metro region in the last week. But the continued protests in Tunisia and Egypt have brought some uncertainty about supply, even though they're not oil-producing countries.
"It's based on the outcome of possibly spreading to Saudi Arabia or some other more significant producers of crude in the Mideast or North Africa," says Tom Kloza, an oil analyst with the Oil Price Information Service.
Kloza says he can't predict how high gas prices will go.
But he says Europe is already jittery about possible supply disruption through the Suez Canal, which is controlled by Egypt.
Source
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I filled up the tank on Saturday, paying $2.899 a gallon for regular unleaded gas.
ReplyDeleteToday, it was listed at $3.039 a gallon, an increase of $.14! This was a local Wawa store.
Other nearby stations that were selling for $2.909 last week have also increased their selling price by $.14 a gallon to $3.049
as well.
I'll be keeping an open eye on this situation ...