Wednesday, May 03, 2006

$3-a-gallon gas: Blame Washington, not Big Oil

Everyone has been blaming the increasing oil prices on other countries never once thinking that maybe the U.S. is to blame for the predicament we are in. Well, now it seems that the U.S. has had a hand in the jump in oil prices. While crude oil has something to do with the price increase, it also comes back to an energy bill passed by Congress last summer. The bill consists of regulating what additives are to go into the gasoline and how it is to be refined but, instead of waiting until fall for it to go into effect, when gas prices typically decrease, they chose now at the peak of gas prices. The end result is an extra strain and unfortunately, it looks like the prices could go even higher.

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