Thursday, June 12, 2008
Stay Informed: What's up with these gas prices?
It's summertime and you want to go to the mall or to the pool and moms is telling you no because gas is too high!!! When I got my first car in 2001, gas was only $1.30!!!! Now, the prices have soared to over $4.00! That is astronomical! But why have gas prices gone up so much so fast? Well, conspiracy theorists have a few reasons but we'll go straight to the economics of the matter. Many factors play into the price of gas including the price of crude oil, cost of refining and taxes. Go to www.npr.com and read the breakdown. Hey...stay informed--your teachers will be impressed!