Motorists across Canada were hit with sharply higher gasoline prices Friday as hurricane Ike shut down some refineries on the U.S. Gulf coast. Gas prices jumped by as much as 13 cents a litre in some markets.
Prices began to rise late Thursday evening in some areas, and by Friday morning news of the looming […]
Over at Nieman Watchdog, Joseph Davis suggests some tough questions that journalists should be asking about the high oil and gas prices we are now experiencing. For starters he asks:
Why is Congress so passive on the lack of refining capacity? What about probes into price manipulation? The House passed a bill on price gouging; who’s […]
Marty Jerome, a blogger over at Wired.com warns that we could see gas prices at $7.00 a gallon.
Both Qatar’s oil minister and the head of OPEC can see oil hitting $200 a barrel before the end of the year and one analyst says gas could reach $7 a gallon within four years. That could mean cataclysm […]
As gas costs rise to $4 a gallon and oil companies earn around $100 billion each year, it’s a good time to question what really goes into the price gas.read more | digg story
Sphere: Related Content
David Olive of TheStar.com poses this question in a recent article and comes up with some interesting reasons behind gas cost hikes.
Mr. Olive concludes that there are three main reasons for high gas prices:
Geopolitics
Big Oil
Consumers
Basically, most of the world’s remaining major supplies of untapped oil are in politically and geographically hostile regions. The push for biofuels such […]
Consumers in Texas are paying the highest average prices ever for a gallon of gasoline this Memorial Day holiday, according to the AAA Texas Weekend Gas Watch.
Texas’ current average of $3.08 per gallon for regular gas is only two-tenths of a cent short of the all-time record high set on May 23. The statewide average […]
In order to help Canadians know what they should be paying for gasoline, the Canadian Centre for Policy Alternatives (CCPA) has developed an online gas price gouge meter.
Users type in the price they are currently paying and select the closest city from a list on the site. The meter does the calculations, estimates how much […]
High gas prices that curb demand may be a good thing - environmentally speaking - according to the Chigaco Tribune:
“Talk all you want about the need for a national energy policy. Our personal energy policy has been use more of it. The key to reducing U.S. consumption of oil, to stop being held economic hostage […]
Gasoline prices hit their record high for the eighth straight day Sunday, and there are now only a few states left where the average price hasn’t crossed the $3 threshold.
The motorist group AAA said the average price for a gallon of self-serve unleaded hit $3.178 in its latest reading, based on a daily survey of […]
