Gas Prices Soaring

By WISE Web News

February 27, 2011 Updated Feb 27, 2011 at 8:16 AM EST

FORT WAYNE, Ind. (Indiana's NewsCenter) - Gas prices have increased nearly 17 cents a gallon over the past week. Analysts expect prices to continue rising, following a sharp rise in the price of crude oil.
Economists are estimating for every dollar increase in the price of oil, retail gas prices typically rise 2.5 cents a gallon.
Oil prices have been driven higher by political unrest in North Africa and the Middle East.




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