Gasoline Rises to Record $2.15 Average

Retail gasoline prices have rose to an average of $2.15 a gallon within the past week. Prices of gasoline are expected to get much worse as summer nears. With the increase in motorists on the road, gas prices are believed to go well beyond the current $2.15 per gallon average. The most expensive cost per gallon at the pump occurred back in March of 1981 when prices reached as high as $3.08 per gallon when adjusted for inflation. I would not be surprised to see this type of increase again. These high prices do anything but help the economy. There has been talk recently about beginning a drilling project in Alaska which holds a significant amount of oil, although the oil would take around 10 years to reach the market. The oil from Alaska would not directly benefit the U.S. now in its time of need, and who knows what situation we will be in down the road. Gasoline prices are becoming outrageous and something needs to be done, but what exactly is the best solution to the problem?