Quote:
Originally Posted by Legionnaire70
Anyone know why gas jumped so high in the last week?
Gilford Mobil was $3.30 last week, today $3.69!!
I mean really, what's the deal and whose pockets and getting stuffed with $$? Not mine!
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From ABC News, July 12:
http://abcnews.go.com/Business/wireS...8#.UeSMAvnD_IU
Oil has risen from around $97 on July 1, mainly for two reasons. Traders are concerned that unrest in Egypt could affect oil shipments through the Suez Canal, a key shipping lane. And U.S. supplies of oil and gasoline have dropped dramatically in the past two weeks, signaling a rise in demand in the world's largest economy.
The prediction is another $.15 increase soon.