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Economy & Business
Thu July 11, 2013
Mideast Upheaval May Mean Pain at the Pump
Local gasoline prices could be going up again soon according to an oil industry analyst.
Prices have risen about 10 cents a gallon in Milwaukee and throughout the Great Lakes region in recent days.
Gregg Laskoski of the web based monitor GasBuddy.com, says world events including unrest in Egypt and the security of the Suez Canal will affect prices.
In a release Laskoski says, “The future looks dim as oil prices have risen $10 a barrel in just the last two weeks. It’s all but guaranteed to mean another round of price increases,” Laskoski says.
Crude oil rose above $106 a barrel today in Asian markets.