wow, true. people arent really there to represent for the good of others, as long as their in office..what's next 10 dollars for a gallon of milk. who cares if a mother of FIVE can buy milk to feed her babies...
It said gasoline reserves are at record levels. That does not necessarily mean that there is more supply available to the world market. It only means that the U.S. government is buying more to keep in reserve.
Ethanol takes more energy to produce than it puts out. It is very much less efficient than gasoline. Also, as it said in the article, prices of groceries have risen from the spike in corn prices.
Demand is down because prices are up. Prices are up because WORLD demand is up. China will overtake the U.S. this year for carbon dioxide output and India is not far behind. These developing countries are using much more gasoline than they were previously and they overcompensate for the U.S. cutting back on its gasoline consumption. We live in a world market.
It is not just the speculation based on instability in Venezuela, the Middle East, and around the world that increases prices. The fact that the dollar doesn't buy you what it used to is a major factor in the pricing of gasoline. Gasoline reserves grow as a result of the administration's policy. The refineries have indeed cut their productions because something called the Environmental Protection Agency (EPA), the ones responsible for no nuclear energy facilities being built in the U.S. for over 30 years, put up a ridiculous amount of red tape that oil refining companies must go through.
A lot of people attribute the higher gas prices to Republicans. However it is the Democrats who are against drilling for oil in ANWR and off the coast of Florida. This, undeniably, causes supplies of oil to be smaller. In the end, there are many factors that increase the price of gasoline: the weakening dollar, more demand, less supply (which is caused by increase in demand around the world and government preventing refineries and drilling companies from finding oil.), and speculation of, the sometimes foolish, Wall Street.
Reagan was right when he said government is the problem. Governmental regulation of business keeps the major driving force of our economy down. You all see how incompetent our federal government is and yet many want things like national healthcare. Now, this article was an obviously biased editorial, as was what you are reading now.
As I always say, figures lie and liars figure. When a bunch of numbers are thrown your way usually they are believed. However, not all figures are relevent and not all figures are what they seem. Gas prices are higher and the only thing that can be done about it is to develop a new, EFFICIENT, fuel, to drill for more oil, or to refine more of the oil we already have because you can only produce as fast as the slowest piece in your assembly line.