Global oil prices surpass $100 a barrel
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The world is adjusting in ways that provide more time for that to occur. For example, Saudi Arabia is exporting more of its crude through the port of Yanbu on the Red Sea than before the war. It has increased exports from there from 2.8 million bpd to 7 million bpd by utilizing an east-to-west pipeline.
Gas prices continue to rise, reaching almost $4 nationally and $3.64 in Alabama, prompting clean fuel advocates to encourage drivers to consider electric vehicles. So, is now the right time to switch?