Crude oil prices hit a 3½-year high. The price of a barrel of oil has now topped $72. That is the highest since Thanksgiving on 2014.
Reimposed sanctions against Iran are being blamed, along with a summer driving season supply and demand.
As oil prices go up, so will the price you pay at the gasoline pump. Most Tulsa stations jumped prices about 14-cents a gallon overnight. Most stations are now charging $2.69 per gallon for regular unleaded.