Crude Oil Prices Rise in Advance of Holiday Weekend
Several factors have helped push crude oil prices up in advance of the holiday weekend. KSMU's Missy Shelton reports.
Several factors have helped to push crude oil prices up in advance of the holiday weekend.
Larry Archer is spokesman for the Missouri Department of Natural Resources Energy Center.
He says two key factors are contributing to the increase in crude prices.
Archer says it's not just unrest in the Middle East that's pushing up crude prices.
He says the U-S gets its oil from a variety of countries where there is unrest.
Despite smaller-than-expected growth in domestic gasoline supplies and continued unrest, Archer says there haven't been sharp spikes in prices at the pump.
Spiking gas prices or not, Archer says there are several things you can do to help control how much money you spend on gas.
The average price of a gallon of gas last week in Missouri was nearly 60 cents higher than it was the same time one year ago.