This week’s spike in crude oil prices is catching up to Chicago area drivers, with prices at the pump suddenly soaring about 20 cents a gallon to an average of $3.74.
Oil prices are spiking after Iran cut off exports to Britain and France and threatened to expand the embargo to other European countries, and that means gas prices are skyrocketing too.
With prices creeping up, Chicago once again has the distinction of having the most expensive gas in the country.
After months of sticker shock and pain at the pump, drivers are finally getting a little relief.
Just as prices already were falling, governments around the world are making a move to bring down the cost of oil even faster.
It has taken a while, but gas prices slowly but surely are starting to trickle down.
News at the gas pump has gone from bad to worse, and Chicagoans could be looking at an all-time high sooner than you think.
The crisis in Japan and the ongoing unrest in the Middle East are weighing on the oil market and threatening to further drive up gasoline prices.
Gas prices are still hovering around $4 per gallon in Chicago, but the disaster in Japan could actually bring them down a bit.
Gas prices have soared 33 cents per gallon in the last two weeks alone – the second biggest jump ever recorded.
New numbers show retail sales are rising, but with soaring gas prices, the gains might be short-lived.
The growing instability roiling the Middle East could drive up the price of gas in this country, a Chicago energy expert says.
Gasoline prices in Illinois are the highest they’ve ever been for this time of year, with no relief in sight.
Gas prices are leaving consumers less than thrilled right now. They’re going up.