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Gas Prices Could be on the Rise
MIAMISBURG -- The unrest in Egypt could start affecting your wallet, in the way of higher gas prices, and people here in the Miami Valley are fed up with the excuses.
"It takes $150 to fill this truck up," said Ernest Johnson Jr. "It makes me mad and upset and frustrated."
He's angry over the latest hike in gas prices.
Just Wednesday, the head of the Egyptian armed forces ousted the country's first Democratic president, who took office just last summer.
"They seem to have all these excuses as to why they keep going up but they never come back down once everything is back to normal," said Perry Pritchard.
People are tired of swiping their credit cards, crunching numbers, and draining their wallet on gas.
"We have the opportunity to reduce our need for foreign fuel but we don't do anything about it, we continue to purchase fuel from overseas," said Pritchard.
Egypt isn't a supplier of oil, but has control over the Suez Canal, which makes them a major player in the world's oil supply.
In fact, oil has now jumped to more than $100 a barrel for the first time since last September.
It's because of that, we're seeing a spike at the pump, but that's not a good enough excuse for some.
"I understand the cost of everything goes up, that's to be expected," said Pritchard. "And if it went up proportionately with the economy and inflation and things like that, that would be acceptable."
According to a gas expert from Gasbuddy.com, the hike will be a moderate one.
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