How do gas prices affect our short-term decisions in driving, or our longer-term decisions in purchasing vehicles? Fortune magazine's Allan Sloan looks at previous trends.
Consumers are not only feeling the pinch of higher gas prices at the pump. They are also getting hit with higher plane tickets as airlines pass rising jet fuel costs to passengers.
Oil prices have jumped to a near nine month high this morning. That's after Iran cut exports to Britain and France over sanctions related to Iran's nuclear program.