Higher Pump Prices? Yes. But Not $5 a Gallon

by | Feb 23, 2011 | Towing

Americans could see gasoline spiking 10% to 18% higher in coming weeks as a result of the unrest in the Middle East, but they’re unlikely to rocket as high as some are predicting — unless the uprisings spread to Saudi Arabia. …

Oil Prices: Egypt’s Crisis Could Hurt Europe First

by | Jan 31, 2011 | Towing

Even though no reports of supply disruptions have surfaced, Brent crude hit $100 a barrel in London trading, while U.S. prices hit $92. Europe is more vulnerable because much of its crude flows through the Suez Canal and adjace…