Sunday, March 6, 2011
U.S. Gas Prices Soaring Again. Is Libya to blame or are we ?
The average price for U.S. gasoline as of Friday 3/4/11 is $3.51. The price of gasoline increased .33 cents in two weeks the second largest increase in the history of the U.S. gasoline market. The biggest increase was .38 cents and was in 2005 when Hurricane Katrina devastated Louisiana and the oil refineries. According to the latest Lundberg survey this newest spike in gasoline prices is due to the unrest in Libya. The prices of gasoline have risen a staggering .82 cents since September 2010.
Hurricane Katrina , The Gulf Oil Spill , the conflicts in the Middle East and who knows what's next. This is getting to become really old, when are we going to realize we need energy Independence ? We need the big Corporations like General Electric ( GE ) and private investors like T. Boone Pickens to really step it up and take charge. How is our economy going to recovery if you can't afford to leave your house and afford anything because prices on everything are going up ?
The facts are the facts and our country and the wrest of the world are not in good shape right now. Technology is advancing to fast and resources are running out faster. Those are to combinations that do not equal anything good. I feel like we are all going crazy we keep repeating the same mistake over and over again. Unfortunately you only get so many chances at anything before their are consequences.
CNN - Libya crisis sends U.S. gas prices up 33 cents in two weeks
Ny Times - Obama Said to Consider Tapping Oil Reserves
CBS - Libya forces try to halt rebel move toward capital