Posts with the tag gas prices

Price of Gas and the NetRoots

Tommaso — Thu, 22 May 2008 09:30:34 EDT

Good readings on the current oil crisis:

Studies show gas prices are going down

Preston Mitchum — Tue, 08 Apr 2008 10:22:57 EDT

I knew that would get your attention. Sorry to deceit, but the government actually expects gasoline to peak at $3.60 a gallon. These rising gas prices will force many Americans to reconsider traveling this summer. According to the Energy Information Administration (EIA), high prices and a weak economy are expected to cut demand for gasoline by about 0.4 percent during the peak summer driving season. The government previously predicted that gasoline prices were supposed to peak at $3.50, but many analysts believe prices will rise higher than the EIA’s last estimate.

Ironically, or not so much, while prices of gas prices are consistently increasing in the United States, they remain stable in China, India, Russia, and the Middle East. I could easily offer many criticisms on what the government should be doing to solve this problem, but for some reason, I think we all know that answer.

$4 a Gallon? Just What the Doctor Ordered

Zach Marks — Thu, 24 May 2007 17:06:59 EDT

With the eleventh straight day of record-high gas prices yesterday and no relief in sight before millions of cars flood the roads for Memorial Day Weekend traveling, the House voted to approve stiff penalties for those found guilty of gasoline price gouging. The bill’s supporters claim it’s a measure for “consumers being ripped off at the pump” by oil companies, but I’m hesitant to go along with the either-you’re-with-working-class-Americans-or-you’re-with Big-Oil rhetoric.