Tuesday, June 05, 2007
Gas prices are higher because?
Oil prices are down by $10 per barrel; but, the cost of meeting environmental standards is driving the price of gasoline higher.
Is our media reporting this?...
Is our media reporting this?...
I found this at CNBC.com:
""Gasoline prices are up about 50 cents since March, with energy experts blaming this year's spike on planned maintenance and breakdowns at U.S. refineries struggling to meet tough environmental fuel regulations.
'Because oil prices today are at least $10 less expensive per barrel than when gasoline prices previously exceeded $3 a gallon, almost all of the price pressure on gasoline can now be attributed to America's continuing -- and increasing -- inability to supply enough refined gasoline to the marketplace,' AAA said in a statement earlier this month."
