Gas Prices Higher This Holiday Weekend
DETROIT (AP) – Motorists planning trips during the three-day weekend are finding gas pump prices about 54 cents higher than a year ago, with prices for a gallon of regular ranging nationally from $2.958 to $3.752.
Oil prices rose Friday as anti-government clashes in the Middle East kept worries of oil supply disruptions alive ahead of the Presidents Day holiday weekend.
The national average for a gallon of regular was $3.156 on Friday, according to AAA, Wright Express and the Oil Price Information Service.
Instability in the Middle East was the biggest worry for most energy traders on Friday. Troops in Bahrain confronted thousands of protesters calling for an end to the country’s monarchy.
In Libya, Moammar Gaddafi’s regime deployed security forces and warned citizens against joining the unrest in which dozens of protesters have been killed. Protests also continued in Yemen for an eighth day.
Read more on the national implications of unrest in the Middle East by clicking on here.
(Copyright 2011 by The Associated Press. All Rights Reserved.)