Middle East Uprising Fuels Latest Gas Price Spike

 Unrest in Egypt is to blame for rising gas prices, according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan, who says the market is nervous violent protests could spread to other parts of the Middle East. He cites Energy Information Administration data that indicates crude oil inventories have dropped by six percent or 20 million barrels in the last two weeks. DeHaan adds higher crude oil prices in July are being passed on to consumers at the pumps. He says many retailers in Indiana have raised regular unleaded to $3.75 a gallon and adds prices may continue to climb next week.