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(IHT) - HOUSTON: Prices at the pump are rising again, much as they do every spring as oil traders bid up the price of crude ahead of possible summer shortages. Possibilities for more conflict in Iran and elsewhere in the Middle East are adding to the surge. But there is something new this time, energy experts say, in how drivers are reacting - or rather, not reacting, even as the price of gas has climbed over the last two months to a U.S. average of $2.62 a gallon, or 69 cents a liter. It has topped $3 a gallon in many parts of the United States, particularly along the Pacific Coast. Link |
