Wednesday, April 23, 2008

Gas Prices

According to a survey of stations by AAA and the Oil Price Information Service, regular gas rose up 0.8 cent on Tuesday, April 22, soaring to a national average of $3.51 a gallon. Oil sets a new record above $119 a barrel. Wednesday, April 23, gas prices soar two cents overnight to a national average of $3.53 a gallon.

Likewise in the oil crises of 1973 and 1979, OPEC may once again dominate the world oil market even before world oil production peaks. But with discoveries of new fields in areas like the Caspian Sea about 30 billion barrels of oil are ready to be pumped out and another 50 billion barrels of oil to be found. It may seem like enough but some people think this deposit will not rescue the world.

2 comments:

Kendall said...

damn gas prices!!! sucks cause i work 30 minutes away so i gotta fuckin fill up all the damn time!

JT1317 said...

Yeah man its ridiculous, cost me 80 dollars to fill up