Rising gas prices have been in the news the past couple of years, as it seems the price of gas will never fall back down to what it used to be. The last time I filled up my tank, it cost me around $50 (on empty) and regardless of the fuel efficiency of my car, I know I am not the only person who is frustrated by how much money we are spending on personal transportation.
Cars are not only meant to take us from point A to point B, but are an expression of who we are and who we want to be. Getting into the driver’s seat, starting the engine, and stepping on the gas connotes a sense of freedom and emotional connectedness that few things in life offer. While many of us desire a fuel efficient hybrid or electric vehicle, many, if not all of the current offerings fail to convey that visceral feeling that one gets
To hear politicians, the media or the masses (including myself) talk about it, the current high gas prices mark the end of civilization, the fall of America’s world domination, and I’ll assume the reason for Snooki’s pregnancy too.
But are some industries thriving on high gas prices?
We hear the press clamoring about the price of gas. We see it when we fill up at the local gas station. Gas prices have recently skyrocketed. This is not the first time and this certainly will not be the last time. Consider this one of many downsides of globalization. Political instability, market speculators, and global demand will affect the US for many years to come. This is the world we live in
The recent projections of $4 – $5 gasoline this summer has been flooding the news, with repercussions predicted for everything from vacation trips to the housing market. This may be especially hard for consumers to stomach after 2011, which saw the most expensive average cost ever for a gallon of gas, at $3.513 per gallon.
Quick quiz: What will the price of natural gas be in ten years? What about 20 years?
Tens of billions of dollars ride on getting the answer right.
The problem with gas right now is that there’s so much of it, because of skyrocketing reserves in shale
From the beginning, this Administration has shown a commitment to protecting American families at the pump by taking steps to reduce our reliance on foreign oil. In March, the President announced a goal of reducing oil imports by a third by 2025, through a combination of increased
As soon as gas prices rise, our nation becomes focused on energy. When they drop again, it falls off most consumers’ radar. Yet the importance of energy goes way beyond the cost of filling up your gas tank or paying your electric bill. In often-extraordinary ways, energy is interwoven into absolutely everything
Democrats renewed their push to cut oil subsidies this week, saying high gasoline prices and big revenues for oil and gas companies make this as good a time as any to eliminate billions in annual tax incentives to the industry. Republicans countered that higher taxes on oil companies would only mean higher prices for consumers.
Driving is an inevitable part of day-to-day life for many commuters. The impact of vehicle related CO2 emissions can no longer be ignored. There are more than 250 million cars regularly operated in the United States. In total, these cars make 365 billion trips with a combined mileage of 2.3 trillion miles per
For city, county, and state governments, the question is one of determining what to do in response to higher gas prices that are likely coming to the U.S. during the summer months. $4 a gallon gas prices should of course motivate all citizens to look into alternative forms of transportation like taking public transit. However, what might prevent someone from
On April 23, 2008, when the U.S. was on the verge of a record-high gas price of $4.11 per gallon, the average retail price at the pump was $3.60 per gallon. Three years later, the average retail gasoline price is already $3.86 per gallon, according to AAA, and we are still several weeks, if not months, away from the historical gas price peak, which usually hits around Memorial