Network Jeff Flock News Today

>> dana: crude oil prices keep rising and thats driving up gas prices across the country ahead of the busy summer travel season. fox businesss network jeff flock is in lamont, illinois. jeff, how high are gas prices now? >> reporter: theyre getting high. theyre high and theyre getting higher, dana. take a look at that refinery behind me. making gas as fast as they can. gas is now $2.74 a gallon on average in this country. thats $0.30 more than it was a year ago, but its risen $0.20 just in the l...

Many of them geopolitical. venezuela, im in front of the citgo refinely which is owned by the venezuelan government, citgo, of course, a company that relies on venezuelan crude. their production way down because of unrest in the country. unrest in syria also putting pressure, upward pressure on prices. then, of course, iran, potential sanctions on iranian oil if we pull out of the iran nuclear deal. last but not least, good old fashion supply and demand. this economy is humming along. more gas b...