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Here’s How High Gas Prices Could Rise Because Of Oil Field Attack

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Paul Sakuma
/
Orlando Sentinel
Get ready to pay more at the pump. Analysts are projecting that the weekend attack on Saudi Arabian oil production facilities will drive up per gallon prices 5 cents to 20 cents.

Fill up your gas tank now because prices are going up.

The drone attack on Saudi Arabian oil fields that the United States is blaming on Iran caused a sharp increase in the global price of oil — and that will almost certainly be followed by an uptick in what we’ll pay at the gas pump.

The attacks targeted two huge Saudi processing plants and knocked out half the kingdom’s oil capacity, which accounts for nearly six percent of global daily consumption.

Read more at the Sun Sentinel.