Tilted
..
The price of Brent Oil, e.g., hasn't spiked much more than WTI Oil, e.g., over the last few weeks. They've both seen a bump around 4 or 5 dollars.
That said, I could certainly see European gas prices (and those in certain other areas) being affected more than U.S. gas prices by worries that there might be a disruption in oil supplies coming out of, e.g., Iraq within the next week or so. Such a disruption would probably affect their refinery input costs more quickly than they would affect ours. Over a longer term - i.e. with a long-term disruption - it would have similar effects on our oil prices. But theirs would likely get hit harder quicker.
