Monday, March 8, 2010

Oil And Gasoline Prices Begin to Creep Up

Gas prices in the U.S. are continually rising. The original price of gas went up about $10 last month in China. Last year we as country were paying $250 million less than we are now. Gas prices usually do rise in the coming spring season, but continuing to buy from outside countries is just putting a bigger price on oil. Our economy is facing some serious hard times, which is keeping
“For the oil industry, higher prices are naturally good news. Industry executives said they would encourage investment in Alaska and the Gulf of Mexico, and offset the impact of low natural gas prices.”
This is very good news to here. On my last research paper, I wrote about the oil deprivation in the United States. It looks like we are beginning to realize how expensive oil is getting from our outside sources. We are now looking into using our own resources and even giving more Americans a chance for new jobs.

1 comment:

  1. Here we go again...Another surge in oil prices? I think personally we should be getting fuel from our own country if we have it. Is the plan to drain other countries of all their natural resources and then we'll be the only ones with anything left? Drilling in Alaska would be a good idea. You know who said that? Sarah Palin. What a smart woman. Sarah Palin 2012!