Trouble in the Middle East affecting local gas, food prices to rise - KMOV.com

Trouble in the Middle East affecting local gas, food prices to rise

(KMOV) -- Even if you're not  invested the market, you've certainly seen prices on the rise elsewhere.

Its not just Libya causing concerns, it's reaching all the way to gas station in St. Louis.

Speculators worried about the turmoil spreading to other oil producing nations are driving up prices.

In the past two months alone, rising gas prices have cost drivers an extra $180 each.

Food prices too will jump. If the trend continues, it could endanger the economic recovery, keeping unemployment high and 401K's low.

A return to $4 a gallon gasoline at least is predicted if this trend continues.

 

 

 

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