Gas Prices Going Up
In the article Gasoline set to surge it talks about how the average price for unleaded gas could rise to well over $2.10 a gallon. Gas could rise 12 cents before the middle of March and then another 12 cents at the end of the month. Some of the reasons they are pinning on the huge increase in gas is because of the high cost of old oil refineries in the U.S. and a growing demand for gas in developing countries. I think that this increase could be from the tsunami and the rebuilding efforts of the effected areas. No matter what this will effect our economy as a whole, it takes gas to ship it, or it gas to build it. Most industries use gas in one way or another.
Posted by Nick at 3/04/2005 01:21:00 PM