Ledger DC Journal - News, Politics & Crime

Why are retail gas prices going up? In case you haven't noticed the price at the pump for a gallon of gas has jumped nationwide and in San Francisco has shot right back past $3.00 per gallon. Many have concerns over higher gas prices for the winter.

Retail Gas Prices Jump

A family feud between some very rich Saudis that is dubbed the "Billionaire Saudis Family Feud" by one writer and the Wall Street Journal has quite the tale of a family fight over the measly amount of about $22 billion! Both stories follow.

One - Retail gas prices, the actual price you pay when you go to the gas station is at its highest mark in a year. Gasoline prices are now up 17 straight days after climbing 0.4 cents overnight to $2.695 a gallon, according to AAA.

Oil was $65 a barrel in August and has now risen to $82 a barrel last week. ABC News follows the weak dollar and the rising gas prices here.


Two - In a story that could have financial implications around the globe, two Saudi families are having at it in court over $22 billion in debt that was exposed during the credit crunch last year.

Jeff Freeland has the particulars here and links to an interesting piece in the Journal that even has an interactive guide of all the principal players.