Tuesday, March 1, 2011
As many of you fine citizens of the world have noticed, the price of oil has been steadily rising the past few weeks. Well you can thank North Africa for this price rise in oil. Thanks to political unrest and civil disorder, Libya has canceled all exports and imports going out and in to their country, until peace is reached. Oil price per barrel went up to $100, causing about a 10%-15% increase in gas prices. So far, there isn't a set time where the prices will return to "normal". Peace looks like a distant dream out in North Africa, so keep saving your pocket change, you might just need it one day to fill your car up to go that extra mile!