Wednesday, March 9, 2011

Gas Prices Rise Rapidly

"The increase in energy prices is beginning to resemble the rise in 2008. But this time, the American economy may be better prepared for higher fuel costs." 
Original Article 

Gas Prices have been rising fast. They have risen one third in the past year and "oil costs more than $100 a barrel for the first time in more than two years." Many people believe that the rise in gas is due to the "fears of extended Middle East supply disruptions and increased demand from an improving global economy." People are much more prepared this time for the high gas prices, unlike in the past years. People have traded in their gas guzzling cars for bikes and energy efficient cars.

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