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NEW HEADING 1
Gas prices alternate between high and low
February 5, 2013James F Byrnes Freshman Academy
Gas prices started to drop due to high supply and a low demand but rose during the election in November. Then small problems have arisen in the Middle East again, which have also impacted the rise of gas prices.
USA Today stated that gas prices started a steady increase beginning with the election of President Obama in 2008.
Gas prices are soon to reach an all time high, said Oil Price Information Service. Regular gas is competing with diesel gas for the cheapest fuel. Diesel is known to be at least sixty to seventy cents higher than regular gas, although diesel is better for cars and the environment.
CNN reported that gas prices were going down to three dollars a gallon. Lower prices should not be a problem if issues do not flare up again in the Middle East and the hurricane season does not have another super storm Sandy.
During the recent election, both Obama and Romney were asked a simple question about gas prices, “Can the government lower gas prices?” Both Obama and Romney avoided the question and shifted the topic to energy politics.
Gas prices are still being determined by global crude oil prices, spare oil capacity in Saudi Arabia, and auto use in China. However, even though CNN predicted a slow decline in prices, USA Today reported that gas will continue to rise at a steady pace and drop at an alarmingly slow rate.
Paige Harrison, a student at BFS, said, “Gas prices are high because there are few out gate refineries in the U.S, if there were more, gas would be cheaper.”
Hannah Jennings, another student there, said, “I think it’s high because the government is getting a large amount of their money from it.” Both believe gas will be higher in the next month than it is now.