“So if you’ve gone to the pump in the past few days, you may have noticed the prices are rising,” Jeanette Casselano, an AAA Spokesperson said.
The effects of the attacks on Saudi Arabia’s oil facilities are being felt here at home, driving up gas prices at pumps all over the country.
Casselano says she’s been watching it fluctuate all week. “Crude oil prices are definitely getting more expensive they’re about $8.00 or $9.00 dollars more a barrel than they were last week,” she said.
On Saturday, a Saudi oil processing plant and another oil field were attacked from the air, knocking out almost half of its capacity.
How long the facilities are down in Saudi Arabia could impact how long prices at the pump stay up. But the White House says U.S. drivers shouldn’t be worried.
Deputy Secretary of Energy Dan Brouillette says they have things under control. “That’s not any indication of panic in the marketplace,” he said. That’s because of the amount of oil he says we are producing right here in the United States.
“In 2019, we’re going to produce approximately 13 million barrels per day and in 2020 that’s going to jump to roughly 13.5 million barrels per day,” Brouillette said.
AAA says the next few days will be telling: how high crude oil will go, and, in turn, how high gas prices will go.