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ABCnews.com brings to light the latest surge in gasoline by the gallon, and how the average Joe is feeling the pinch this summer due to rising gas prices. One of the reasons for the jump in pricing in their study finds that unrest in Egypt is to blame for “spooked markets” and thus increased oil prices.
The article goes on to explain that while Egypt is NOT an oil producing country, their surrounding territory has an affect on oil distribution.
What do you think? Gas is up again, and somewhere in the middle east the “reason” for your hard earned money going mostly to the pump seems ambiguous at best. Leave your comments below!