Rising Oil Prices and Your Wallet

Vera Gibbons
Gas station signs reflect rising oil prices
Gas station signs reflect rising oil prices

Crude oil prices are at a two-and-a-half-year high, and if prices edge up further -- and stay there for a period of time -- this would not only be a drag on economic growth both here and globally (wreaking further damage on everything from hiring to housing to tourism), but it would also impact your wallet.

Here's a look at some of the more immediate effects: