Egyptian Crisis Could Force Gas Prices Up

Analysts say gas stations will be passing on higher prices to drivers in the next two weeks.
0:49 | 07/10/13

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Transcript for Egyptian Crisis Could Force Gas Prices Up
A new warning about gas prices are about to jump even higher because of what is happening overseas. Abc's rebecca jarvis is here with those unfortunate details. Reporter: They are unfortunate. Good morning, amy. Drivers are already feeling it. Just overnight, prices at the pump surging. We're now paying an average of $3.50 a gallon. That's up 2 cents from yesterday. The political crisis in egypt is to blame. Much of the world's oil passes through the suez canal. And any upheaval could disrupt shipments. And gas stations will be passing on higher prices to drivers in the next two weeks. Some stations are paying as many as 20 cents more per gallon because of higher oil prices. And, amy, if egypt descends into civil war, we can expect to pay over $4 per gallon. All eyes on that region, indeed, for many reasons. Back here in washington,

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