Local & Regional
Thu July 11, 2013
Gas Prices are up Again and Egypt is the Reason Why
The U-S doesn’t get any oil from Egypt, but it’s political unrest in that country that is the main factor in driving up gas prices here. Chuck Mai is with Triple-A Oklahoma, and he says it’s panic over possible civil war in Egypt that is driving the jump at the pump. Tankers use the Suez Canal, which is under the control of Egypt, and worry about what might happen with the waterway is a major factor.
The price of gas in Tulsa has jumped 30 cents a gallon in less than a week, and Mai believes as long as the situation in Egypt is unsettled, prices are likely to continue rising.