Phil Flynn, senior energy analyst at The PRICE Futures Group said it’s the result of a price war being waged between OPEC – especially Saudi Arabia – against American energy producers.
The insurgent violence in Iraq and threats to oil facilities there have pushed the price of crude oil to more than $107 per barrel. That has translated to higher gasoline prices, nowhere higher than Chicago.
Drivers are opening their wallets even more at the pump, especially here in Chicago.
Your summer vacation could cost a lot more this year.
Gas prices have been a really hot topic, from the race for the White House to the everyday lives of millions of Americans – and the prices in Chicago remain the highest.
Gas prices have climbed 11 cents over just the past two weeks, and Chicago remains the highest on the list.
Another week has brought another hike in gas prices for the Chicago area.
With prices creeping up, Chicago once again has the distinction of having the most expensive gas in the country.
A Survey finds the price of regular gasoline has risen about nine cents a gallon in three weeks and that Chicago has the highest recorded gas price in the country.