Gas has always been an issue in America, but this just raises it to a new level. The amount of our dollar has decreased in foreign trade and to make matters worse, countries like England have an easier time obtaining the gas with fewer euros, making the pricing for the US more severe.
Around May, the oil prices hit a shocking $87.15 per barrel, which equals to around $2.90 per gallon. The prices have gone down from that but with the current trend, it would not be surprising to see it go back up to that level.
In the past, high gas prices have prompted consumers to cut back the amount of time they can spend on the road. Back in 2008, that was the trend and at the current rate, we might be experiencing the same soon. At the moment though, it should not cut you back from your main objectives but, you might want to consider not going to that movie or going to a restaurant.
The increasing gas prices may put a strain on low income families for heating oil has also been added by $4.52. The new increases might make one consider on skipping meals which is never healthy.
This just proves that America needs to be less gas dependent and needs to find a way to obtain energy without being so reliant on foreign oil.
2 comments:
The price of gas is always going to be high, so why not decrease our use now and find alternative energy sources. Additionally, eventually at some point we're going to run out of gas and when we reach that point, what are we going to do?
I believe we should learn how to transition onto more energy and economically efficient sources of energy and methods of transportation (i.e. more mass transit/public transportation)NOW. Why not make learn how to change now, while we can still make a larger difference, instead of years from now when the problem will only be increasingly compounded?
The price of oil has been excruciatingly increased over the years in America. No doubt, we need to find alternative energy sources. There are indeed plenty of ideas such as wind energy, solar energy, using ethanol oil, etc. Bottom line is that if oil prices continue to increase for the next few years, it's time for a change.
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