Video will be available shortly
8-12-05 - Oil prices are on the rise again, surging above 66 dollars per barrel, and this means oil has hit a new high price every day this week.
We want your opinion on this. Will higher gas prices keep you from driving as much? Call our First News Telepoll 1-800-545-2405. If you say yes, press one. If you say no, press two. We'll keep the lines open all day and have the results for you tonight on First News at Ten.
The run-up is being blamed on a combination of factors: the heavy summertime gasoline demand, outages at about a dozen US refineries, the busy Atlantic storm season and tensions with Iran.
Analysts wouldn't be surprised to see $70 a barrel prices, although they say traders do seem to be focusing on bad news. They've so far ignored a favorable report showing less demand by China.
Recently, a barrel of light crude was higher by $0.70 at $66, $0.50 on the New York Mercantile Exchange.