The price of oil is trading up over $106 in Asian markets today, after closing at $104.42 per barrel on Friday. Oil is up 26% since February 15th.
Fighting in Libya between pro-Gaddafi and anti-Gaddafi rebels escalated over the weekend.
U.S. gasoline prices are up nearly 33 cents over the last two weeks, according to the latest Lundberg survey. That is the second biggest price jump in the history of the gasoline market, with the biggest occurring between August a