Local Gas Prices Jump to $3.29 A Gallon
You're waking-up to higher gas prices in the St. Cloud area. Some gas stations selling a gallon of regular unleaded for $3.29 a gallon. The spike at the pump is because of the political unrest in Libya. Oil prices hit a two-year high of $96 a barrel yesterday.
Oil Prices Skyrocket Amid Libyan Unrest
Oil prices are up again today by 6-percent to $95 a barrel meaning you should expect another jump at the gas pump today or tomorrow. First Fuel banks owner Jim Feneis says despite the unrest in Libya, oil supplies are healthy. Even so, he says oil is a futures market and traders buy and sell on fear…