Libya Unrest Adds to Crude Oil Price Climb

Economists are concerned that surging oil prices could adversely affect consumers and possibly devastate an economy that's gaining traction after more than two years in the doldrums. Weekly retail gasoline prices skyrocketed to $3.19 a gallon, according to the Department of Energy. The price spikes are being driven by the popular revolts spreading across the Middle East. Daniel O'Connell, vice president of energy at MF Global, said if gas prices continue to accelerate ahead of May, when...Full Story
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