Gas Prices
English 1023---M02
28 October 2012
Gas Prices
Today, gas price as a national average have risen to 2.1 dollars per gallon. This is the highest gas price increase since 1990, during operation desert storm. What is the cause of this drastic increase in gas prices? Limited supply of crude oil from the Middle East some say. Others think the cause is high trade tariffs on incoming foreign oil. But what is the solution to this problem? Is it drilling in our national wildlife reserves in Alaska? Dropping the trade tariffs and promoting free trade around the world? Perhaps we should look for alternative energy sources; maybe even a combination of all three. But whatever the solution, it needs to be done quickly. America’s gas prices are becoming so outrageous that it is becoming more and more likely that our economy will fall into a depression, and our world, so dependent upon gas for transportation, is in danger of losing the luxuries that we take for granted. It also affects people’s daily routines. Not being able to travel due to the prices being sky high. Something needs to be done now!
As I look at the chart in this article in the 1980’s gas was about $2.18. The economy wouldn’t have a problem with that. That’s exactly where most people would love to have their price of gas to be when it comes to any type of traveling or even just driving around. From 1980-1985 is where the gas prices started to get even higher to a dollar more. 1995-2000 is when the prices just declined. These are the prices that the economy would love to see again. The price of this would not only take less money to fill their gas tank up. It allows families to be able to take care of their families without having a problem due to no having gas. “In mid-2004, the price of gasoline became the focus of national attention as prices reached record highs. Roughly a quarter of that price consists of various gasoline taxes. As high gas prices have drawn media and public attention, the issue of gasoline
28 October 2012
Gas Prices
Today, gas price as a national average have risen to 2.1 dollars per gallon. This is the highest gas price increase since 1990, during operation desert storm. What is the cause of this drastic increase in gas prices? Limited supply of crude oil from the Middle East some say. Others think the cause is high trade tariffs on incoming foreign oil. But what is the solution to this problem? Is it drilling in our national wildlife reserves in Alaska? Dropping the trade tariffs and promoting free trade around the world? Perhaps we should look for alternative energy sources; maybe even a combination of all three. But whatever the solution, it needs to be done quickly. America’s gas prices are becoming so outrageous that it is becoming more and more likely that our economy will fall into a depression, and our world, so dependent upon gas for transportation, is in danger of losing the luxuries that we take for granted. It also affects people’s daily routines. Not being able to travel due to the prices being sky high. Something needs to be done now!
As I look at the chart in this article in the 1980’s gas was about $2.18. The economy wouldn’t have a problem with that. That’s exactly where most people would love to have their price of gas to be when it comes to any type of traveling or even just driving around. From 1980-1985 is where the gas prices started to get even higher to a dollar more. 1995-2000 is when the prices just declined. These are the prices that the economy would love to see again. The price of this would not only take less money to fill their gas tank up. It allows families to be able to take care of their families without having a problem due to no having gas. “In mid-2004, the price of gasoline became the focus of national attention as prices reached record highs. Roughly a quarter of that price consists of various gasoline taxes. As high gas prices have drawn media and public attention, the issue of gasoline