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Network Jeff Flock News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20180419:18:54:00

dana: crude oil prices keep rising and that s driving up gas prices across the country ahead of the busy summer travel season. fox business s network jeff flock is in lamont, illinois. jeff, how high are gas prices now? reporter: they re getting high. they re high and they re getting higher, dana. take a look at that refinery behind me. making gas as fast as they can. gas is now $2.74 a gallon on average in this country. that s $0.30 more than it was a year ago, but it s risen $0.20 just in the last month. we found a gas station in california just on the edge of the mojave desert that s charging $5.29 a gallon of regular gas. getting a little desperate as they re about to head through the desert. what s causing all of this? in some sense it s a perfect storm of factors.

Detailed text transcripts for TV channel - FOXNEWS - 20180419:18:55:00

many of them geopolitical. venezuela, i m in front of the citgo refinely which is owned by the venezuelan government, citgo, of course, a company that relies on venezuelan crude. their production way down because of unrest in the country. unrest in syria also putting pressure, upward pressure on prices. then, of course, iran, potential sanctions on iranian oil if we pull out of the iran nuclear deal. last but not least, good old fashion supply and demand. this economy is humming along. more gas being burned than anticipated, and the supply, well, we ve exhausted what was a supply situation that we were awash in oil. not so much anymore. don t go out and buy that gas guzzler just yet. keep that little car. i like it when it s like that. dana: very simple. we get it. all right. thank you, jeff. teaming up for a good cause. how the new york yankees are

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