$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.
4 comments:
I am assuming that the government requires all these additives due to air quality regulations. If these additives are the driving force in increasing gas prices, the government should take a look at their own policies rather than investing possible price gouging. In this case, it appears we have the choice of clean air or cheap gasoline. Unfortunately, we can’t have both.
I think it is interesting that the article mentioned that gas consumption is finally starting to decrease. It appears that the US public has finally become very slightly elastic in its demand for gas, rather than perfectly inelastic as it was before. Hopefully, this will help the gas prices to decrease in the future.
I agree that we should take a look at ourselves in the United States with the rising price of gasoline. I've always been taught, that if I have a problem, maybe it isn't the other person, but it's me. We should definately consider this being our own fault.
It is definately time that we do something abou these gas prices. Maybe President Bush actually has a good idea for once. Maybe we should put some money into finding how to get fuel out of corn, wood chips, and other recycable products.
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