Gas prices across the country are shooting up. In Bay Area cities, prices have passed the $4 mark and may keep climbing as investors watch escalating tensions between Iran and Israel. At the same time, there is optimism that the global economy may be improving, driving oil demand up. We discuss all the factors, and what the high prices mean for the economy and your wallet.
Skyrocketing Gas Prices
Jay McKeeman, vice president of government relations for the California Independent Oil Marketers Association, which represents gas station owners
Michael Levi, senior fellow for energy and the environment at the Council on Foreign Relations
Catherine Reheis-Boyd, president of the Western States Petroleum Association
Judy Dugan, research director for Consumer Watchdog