2/24/11

Genna Eneman

Turmoil in several oil-rich countries is having an impact at the gas pump. In
this Bobcat Update, Genna Eneman tells us why prices are rising.

Drivers are feeling tense these days when they pull up to the gas pump. Prices
for crude oil and gasoline have spiked as unrest in the Middle East and Libya
have caused fear that oil supplies from the region may be interrupted.
Last week Triple A said the nation's average price jumped nine cents a gallon to
three-dollars-and-23 cents, and the average price per gallon in Texas also
jumped by nine cents to three-dollars and eight cents a gallon. Many San Marcos
drivers are wondering how long prices will continue to rise.
[SB]
Texas State commuters are especially vulnerable when gas prices go up, but some
use transportation alternatives that are less costly.
[SB]
Prices are still far from the highest national average ever reached, which was
in 2008. Prices then peaked at four-dollars and eleven cents per gallon.
For Bobcat Update, I'm Genna Eneman.

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