The upheaval in Egypt is raising prices at the pump, with average prices rising to $3.10 a gallon, according to data from GasBuddy. Though Egypt is not a major supplier of oil, the Egyptian-controlled Suez canal and the nearby Sumed pipeline are key pass-through points for the world’s oil supply, and there are concerns that the civil unrest could spread to other oil-producing countries. As of Tuesday upwards pressure on oil prices eased off as so far back the protests haven’t disrupted transportation.
Gas Prices Rise Amidst Egyptian Turmoil, But Now Holding Steady
By Ben Popken February 1, 2011
- how low can you go? Price War: Several Michigan Gas Stations Sold Gas For Under $1/Gallon
- 'tis the season AAA: Gas Could Fall Below $2 Per Gallon Nationwide Just In Time For Christmas
- trying to play the field Report: Struggling Neiman Marcus Sniffing Around For A Buyer
- not egyptian Walmart Pulls Welspun Not-Egyptian Cotton Sheets From Stores, Offers Refunds
- hey it's me elon Tesla Claims Man With Pals In Big Oil Tried To Impersonate Elon Musk