Pump Getting More Painful

CHICAGO (CBS) – Prices at the pump keep jumping.

Thursday in Chicago, regular unleaded was running $3.67 a gallon. Friday, it was up to $3.74 – more than 20 cents higher than it was last week.

CBS 2’s Kristyn Hartman reports.

Experts say you can blame the saber-rattling in Iran as fear of conflict grows.

“People in Europe are hoarding supply — countries in Europe and Asia — because they’re afraid they’re not going to be able to get oil,” says Phil Flynn, a fuel analyst and Fox Business Network contributor.

If there is a war, gas prices could easily move to $5 a gallon, he says.

So what can you do to make it better?

The tried and true stuff works. Driver more slowly.

The AAA Motor Club also advises drivers to maintain tire pressure and look into credit cards that give you cash back or points at the pump. Just read the fine print.

Flynn says gas prices would drop dramatically if the situation with Iran calms.

  • Afro

    What a load of lies, those European countries get their Oil from Iran but we don’t in fact it is illegal for a US company to do business with Iran.

    • THEE Yard Ape

      And this socialist-mulatto-messiah does nothing. If this doesn’t help seal his fate, I’m afraid this country as we used to know it is done!!!

      • THEE Hill Billy

        Lol, you actually think President Obama is going to lose in November? LOL! Also, Billy Bob, how is this his fault?

  • Maurice Sharpe

    I wish you people would present more news, with greater depth. You seem to fill your newscast with people commentary, instead of facts. In reporting on rising gas prices you presented the same simplistic explanation as the true villans in this story, the NYMEX traders. There is no oil shortage in America. We have more oil sitting in storage ,( and I don’t mean the Strategic Reserve) Than at any time in the past five years. They had to expand their facilities. But there is a shortage of refining capacity, controlled by private enterprises. There are geopolitical considerations involved but that is mainly propaganda.
    Please present facts to the people and not fluff. You spend too much of your precious time with “man-on-the-street” stuff.

    • neverland

      I was about to say the same. This author has plagiarized instead of write his/her own story.

    • Roberta Waker

      CBS News is losing creditibility fast for its biased reporting on Obama, oil prices and just about everything. Of course, that doesn’t even include the nonstories they put out there with little, if any, details. I agree with the “man on the street” comment. Maybe if we stop watching CBS News, they will get the message, but don’t hold your breath.

  • tony

    I love it

  • tony

    I love being middle class one pay check away from losing it all.I like that fact that all my money i make goes to fat rich people with spoiled kids.i like that fact that all my taxes goes to the negros

  • Fat Rich Person

    I love that your money goes to me too Tony.

    It’s too bad your lazy and wasn’t successful like I am.

    If your name wasn’t Tony, I’d swear you were a black or an illegal.

  • http://travel2chicago.us/chicago-news-stories-forfeb-25-2012/ Chicago News Stories for Feb 25 2012 : Travel tips, hotels, restaurants, jobs and news | Travel 2 Chicago

    […] goal 3:20 later to earn a 3-2 Illinois Lottery Cup victory Friday night at the Allstate Arena.Pump Getting More PainfulThursday in Chicago, regular unleaded was running $3.67 a gallon. Friday, it was up to $3.74 – […]

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