Despite declining oil prices, St. Louis gas prices shoot up - KMOV.com

Despite declining oil prices, St. Louis gas prices shoot up

 (KMOV) -- Have you heard oil prices have dropped?  So why, you may ask, have gas prices in the St. Louis area spiked in the past 24 hours?

The frustrating thing is, there really is no specific answer.

Oil prices have dipped below $100 a barrel since the disaster in Japan, but continuing tension in the Middle East, including Egypt and Libya continue to put fear into the market and have kept speculators, well, speculating.

 

As of Wednesday morning, the price for regular unleaded gas is around $3.49 in Missouri and $3.69 in Illinois.

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Find the cheapest area gas here.

NYT Oil and Gasoline page

Triple A: Save on fuel, latest gas prices

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CBS News: Qaddafi calls rebels 'rats,' says West wants oil

CBS News: Oil above $98 amid Mideast clashes, Japan crisis

USA Today: Americans squeezed by gas prices

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