GREENFIELD, Mass (WWLP) - The price of crude oil jumped $11 dollars a barrel in just two weeks, and it has not only affected gas prices but also people looking to fill up on home heating oil in the off season.
22News spoke with residents of Franklin County today to see how the prices are affecting them.
The price of crude oil rebounded Friday to nearly $106 a barrel after a slight dip Thursday.
The current premium is attributed to the political unrest in Egypt, which owns the Suez Canal- a critical transport system for oil and gas shipments from the Middle East.
This threat to oil supply is affecting trader's forecasts, and U.S. Oil stocks have been dropping.
Recent forecasts by the International Energy Agency saying that rising oil production in the U.S. and Canada would contribute to supplies next year didn't bring much faith back on the market, according to the Associated Press. And there is little faith at the pumps that things will change.
Ronald Story, of South Deerfield told 22News,"I dearly wish I had a hybrid. I seem to inject gasoline into my car. I mean I mind as well hook the gas hose into my bank account and they can just suck it out directly. It's really affected me big time."
"Well it costs you more. You have to cut down on your driving a little bit and I found that if you quit smoking you can afford the gas," said Roger Farrington, of Colrain.
For David Kassing, of Colrain it isn't just higher gas prices, it's affecting how he plans the rest of his year.
"I prepaid my oil for the winter this morning before prices go up anywhere higher. It seems like there's always an excuse for it to go higher. Winter is coming."