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Gas Prices Rise For Five Reasons (PHOTOS/VIDEO)

Posted: 03/ 2/2012 11:18 am

From Jim Motavalli and Mother Nature Network:

As I write this, regular gasoline is at 2008 levels, more than $4 a gallon, in California, Hawaii and Alaska, and pretty darn close to that ($3.94) at stations down the street from where I live in Connecticut. Gas prices have risen 29 cents a gallon since December.

Pain at the pumps is very real, but can we attribute it to President Obama’s “radical environmentalism,” to use Rick Santorum’s catchy phrase? Nah. As the Washington Post put it, “Readers should immediately discount anything politicians say about gas prices.” And that includes Newt saying, “If you would like to have an American energy policy, never again bow to a Saudi king and pay $2.50 a gallon, Newt Gingrich will be your candidate.” And House Speaker John Boehner pointing out that “gas prices have more than doubled since the president took office.” Here are five real reasons why fuel prices are climbing, and Obama’s stalling of the Keystone XL pipeline isn’t on the list.

List and captions courtesy of Mother Nature Network

1. Demand:
1  of  7
Think of a seesaw. The recession depressed oil demand, which depressed gas prices. As the global recovery takes hold, more people are working -- and driving. Perhaps somebody should explain this to Speaker Boehner. This phenomenon isn't reflected so much in U.S. statistics -- because we've seen a steady decline in vehicle miles traveled -- but as an international trend, it's a big factor. "Rising Demand for Oil Spells More Price Pain," reports the Wall Street Journal. The story adds, "Analysts warn that oil could become even more expensive in the second half of the year as supplies struggle to catch up with rising demand." As a concerned citizen, the best thing you can do about this is drive less and buy a fuel-efficient or electric car. (Ignore Gingrich when he says you can't put a gun rack on a Chevy Volt -- you actually can.)


Filed by Jessica Leader  |