Exxon Mobil CEO Rex Tillerson said Wednesday he doesn't think the recent jump in oil prices is hurting the U.S. economy - yet.
At the same time, he acknowledged that gasoline prices are approaching an uncomfortable threshold for American families.
Oil is about $104 per barrel, and the national average for gasoline is now $3.52 per gallon. Drivers on the West Coast are paying close to $4. And the price is expected to rise through spring and into summer.
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http://hosted.ap.org/dynamic/stories/U/US_EXXON_OIL_PRICES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-09-13-50-25
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