The rising gas prices haven't got a lot of attention, however its starting to put a crimp on the pocket book...again.
Guess what, this issue will not go away. Washington has this crazy idea that CAP and Trade will solve the problem. Unfortunately, it confuses the problem. Lawyers, environmentalists, and politicians cannot solve this dilemma with regulations. Our energy crisis has to be dealt with in simple currency- known as Texas Tea.We need responsible exploration of our natural resources: NOW!
The United States cannot afford to be dependent on other nations for it's energy supply. The problem that we face, isn't other countries massive energy supplies (although it doesn't help). The problem we face, is our own infighting on the subject.Our representatives have to understand that our natural reserves drive our economy,therefore making it a matter of national security as well. Unfortunately third world nations understand this concept and they are willing to take advantage of our governments stupidity. Unfortunately, at this moment our government representatives are leading us down a path that brings our economy and national security in great peril. We must demand better!
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Gas prices on rise again in Indiana
Gas prices continue to rise in Indiana, with motorists who need to use premium paying close to $3 a gallon.
AAA Hoosier Motor Club reported the average price for unleaded rose 5 cents to $2.68 in Indianapolis and statewide today, a 34-cent jump from a month ago.
A year ago, the economic recession forced prices at the pump down to $2.50 per gallon just months after they'd set new records in Indiana.
More coverage: Check IndyStar.com's Pump Patrol to see the lowest prices in the metro area.
The Web site Gasbuddy.com says prices in Indianapolis have hit as high as $2.79 today at area pumps after a 20-cent increase earlier in the week.
The rising price of crude oil, which closed Tuesday at $79.55 a barrel, is putting pressure on gasoline prices.
The national average gas price has increased 6.8 percent during the past four weeks from $2.504 a gallon to 2.675 a gallon, according to AAA.
More coverage: Click here for a roundup of Indianapolis-area business news and state updates.
There is a good chance that this week, retail gasoline will week surpass peak summer prices reached just over four months ago during the driving season when prices are usually at their highest.
Pump prices are following crude higher, and refiners are now cutting back on production because the cost of the crude that they convert to fuel has been rising so fast.
An Energy Department report set for release at 10:30 a.m. today probably will show that U.S. crude-oil supplies rose 1.91 million barrels in the week ended Oct. 23 from 339.1 million the prior week, according to the median of 16 estimates by analysts before the department’s report.
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