Wednesday, March 23, 2011

World-Wide Events Affect Local Gas Prices

As the tensions in the Middle East and Libya increase, American gas prices have also been increasing. This is mainly caused by the fact that the United States receives some of its oil supply from these areas.

"Gas prices will start to come down as soon as we've got this fiasco in Libya sorted out," assures Roger McKnight, a senior petroleum adviser with Oshawa, Ont.,-based En-Pro International.
If you’ve been paying attention these last couple of months, you may have noticed that the price of at-the-pump gasoline has risen to around $3.65 a gallon. This is about $0.50 more than it was at the beginning of January. Such a high price is actually quite unusual around this time of year. For those of us living in Illinois, just be glad our prices aren’t as high as California’s, which reach over $3.86 at the moment.
Anyone who owns a car is surely affected by this price increase, but as spring rolls around, there may be alternatives to driving. In order to save money, try riding a bike to your next destination. If the ride is short enough, you could even try walking or running.

By Brittany Booth

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