3/04/2005

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.

1 comment:

Dr. Tufte said...

-2 for multiple grammar errors in Nick's post.

Bet you didn't know that gas goes up in price every year at this time. And every year the media makes a stink about this. The reason is that refineries are switching from winter to summer blends created shortages.

Keston is right though - in real terms, gas is not that expensive right now.