Med East Tensi Mideast Tensions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Have you seen signs this is true? reporter: it really was a fast and furious increase and i want to show you exactly when we saw these gas prices spike. look at red line. that represents gas. if you look all the way to the left of the chart you ll see that gas prices around this time last year were at $2.80 a gallon. after that we saw a steady increase in gas prices. then boom, a big uptick beginning in february. because what happened, all those med east tensi mideast tensions came to a head, unrest in tunisia, libya and egypt. the yellow line is crude oil and it generally moves like in lock step with gas. the drop in crude hasn t followed through yet to the gas pump right now. oil prices overall have fallen $16 in the past two weeks. but keep in mind, it generally takes a few weeks to trickle down and get to the gas pump ....

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