EGYPT – The ongoing political crisis in Egypt is driving up oil prices around the world.
Crude oil prices shot up over $100 per barrel this week for the first time in more than a year.
Although Egypt is not a major oil producer, it controls the Suez Canal, which is raising fears of a supply disruption.
Experts are concerned if oil stays above $100 a barrel it could cause gasoline prices to rise.
Friday’s average price in Oklahoma City is sitting at $3.22 a gallon.