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The Boston Globe

Business

Unrest in Middle East pushes gas cost higher

Even with increased domestic production, prices are soaring again

So US gasoline prices are still influenced by world events.

Even though oil imports are approaching 20-year lows, and the United States is enjoying a boom in new fuel sources, gasoline prices are soaring again because of political troubles halfway around the world. The civil unrest and military coup in Egypt — a relatively small exporter of crude oil — and the ongoing in-fighting in Syria have energy markets worried that the unrest could spread to other oil-producing countries in the region, disrupting supplies.

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