Monday, February 16, 2009

Oil Prices are Down.. But Gas is Going Up???

Just when we were getting used to cheap gas, higher prices are right around the corner.

On the front page of today’s PB Post business section you have another headline article explaining that gas stations are going out of business due to low margins and high costs. Fewer gas stations means less competition means higher gas prices.

You can read in this article that gas prices will rise to $2.50 before spring; who knows how high it will reach in the summer?

Here's the AP story that ran in this morning's Palm Beach Post:

1 comment:

  1. There could be no better investment in America than to invest in America becoming energy independent! We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources. Create cheap clean energy, new badly needed green jobs, and reduce our dependence on foreign oil. The high cost of fuel this past year seriously damaged our economy and society. The cost of fuel effects every facet of consumer goods from production to shipping costs. After a brief reprieve gas is inching back up. OPEC will continue to cut production until they achieve their desired 80-100. per barrel. If all gasoline cars, trucks, and SUV's instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. There is a really good new book out by Jeff Wilson called The Manhattan Project of 2009 Energy Independence Now.


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