Page 19 - Phil Serna News Today : Breaking News, Live Updates & Top Stories | Vimarsana

business because customers don't come inside to buy other things from the convenience stores. also, this week we learned that iran cut oil exports to britain and france. a mideast expert says what iran is doing is a symbolic move. >> this is largely a symbolic move because britain hasn't been buying oil from iran for over a year, france only a modest amount. the reason oil prices spike is there is so little spare capacity in global oil markets right now that oil prices spike on the smallest headline. >> reporter: analysts say that we could be looking to pay as much as $5 per gallon b...

month high of $105 a barrel on monday. take a look. the result, higher gas prices, of course. look at the numbers. it shows san francisco an average of .07 a gallon for -- 4.07 a gallon for regular. san jose 4.03. same in oakland. santa rosa 4.01 for a gavel regular. it's not just the increase in gas prices that is hurting our wallets. it's also the trickle-down effect. one gas station owner says higher gas prices actually hurt his business. >> it has a big impact. we make money inside the store not on the gas so when customers don't come to fill up, they don't come inside. >> report...