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Monday
Aug192013

National Gas Averages Unaffected by Violence in Egypt

iStockphoto/Thinkstock(WASHINGTON) -- New data from the Energy Department shows the average price for a gallon of regular gasoline has dropped a penny since last week to $3.55. It appears gas prices in the U.S. remain unaffected by the ongoing violence in Egypt.

Million of barrels of oil travel through the Suez Canal each day -- less than a hundred miles from Cairo. Fears about a disruption in supply, as a result of the violence, have driven crude oil prices up to $107 a barrel.  

Drivers on the West Coast are paying the most for their gas. The average price in that region is $3.68, down 5 cents from last week. The Gulf Coast region has the cheapest gas with the average price at $3.37.

Copyright 2013 ABC News Radio







ABC News Radio