Oil Attack Aftermath: Expect to Pay More at the Pump
The Middle East is reeling after two oil production power houses appear to be headed towards war.
Iranian-backed Houthi rebels—engaged in a civil war in Yemen—claimed responsibility for attacking Saudi oil sites.
President Trump was quick to suggest that military force may be used again the Middle East.
Now he’s stepping away from the tough statements.
Secretary of State Mike Pompeo heads to Saudi Arabia on Tuesday.
The rising tension in the Middle East is fueling concern in America too.
And those attacks are affecting us here at home.
You can expect to start paying more at the pump.
Experts say recent attacks on oil fields in Saudi Arabia will lead to rising gas prices.
Though Americans are somewhat sheltered from rising oil prices due to our increase in production, the impact will still be felt.
The head of petroleum analysis at GasBuddy.com estimates a hike between 10 and 25 cents a gallon during the next few weeks.