Crude is now up in the $36.XX per barrel range. That's up 30% or so since the new year. Several factors there, not all gulf related. The chaos in Venezuela has cut into supply with no short term solution.
Nationally, gas is only about $1.66 per gallon (or roughly .43 cents per liter for Paul ) .
So the answer is a bit of both. Oil is up, so gas prices are up. But beware price gouging. Hopefully your state attorney general is on the case.
Nationally, gas is only about $1.66 per gallon (or roughly .43 cents per liter for Paul ) .
So the answer is a bit of both. Oil is up, so gas prices are up. But beware price gouging. Hopefully your state attorney general is on the case.