Forbes | Oil Prices Are Going Up... And So Is Your Gasoline Bill Forbes Oil prices have also been pushed higher by geopolitical factors such as heightened tensions in Syria, the threat of new sanctions on Iran and unrest in Venezuelan oil fields. This means that Americans will be seeing higher gasoline prices this summer ... Oil price hits three-year high of $74 a barrel US oil closes 0.3% lower, falls from more than 3-year high Oil climbs towards $75 a barrel to reach highest point since 2014 |