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CNN Money announces that if the growing Middle East unrest spreads to Saudi Arabia or another big oil producer, gas prices will surge to new highs and even surpass $5 a gallon.
CNN Money announces that if the growing Middle East unrest spreads to Saudi Arabia or another big oil producer, gas prices will surge to new highs and even surpass $5 a gallon.
The market news is quoted as saying:
So long as oil supplies from the Persian Gulf remain relatively undisrupted — and most analysts think they will — there’s a strong case that gas prices could fall 25 to 75 cents a gallon from their current perch of $3.43.