Gas price spike pumping up fears

Edward Sanchez, who lives in Silver City, fills his car up with gas on Monday at the Chevron on Hudson Street. Average gas prices in New Mexico have risen about 5.4 cents per gallon in the past week, according to

Despite record gas prices Democrats killed another Arctic drilling project last week. This comes after Obama rejected the Keystone pipeline project. US gas prices at the pump have doubled since the Obama took office.

Singh Harpreet, 23, pumps the cheapest gas in New York City: $3.73 per gallon at the Gulf gas station at 176 McGuinness Blvd. in Greenpoint, Brooklyn. Turmoil in the Middle East is one of the factors fueling record-high gas prices in the city — and

By Aaron Smith @CNNMoneyMarkets February 20, 2012: 12:43 PM ET NEW YORK (CNNMoney) — Oil prices rose Monday after Iran cut exports to Britain and France, raising worries that higher gas prices may follow suit. Iran's oil ministry said Sunday that it

You'd think a warm winter and lower demand for heating oil might somehow translate to lower gasoline prices as well – but it doesn't work that way.