February 27, 2013

Who's Behind Rising Gas Prices? Depends on Who You Ask

Fuel Fix, Fuel Fix


AP Photo

The forces driving gasoline prices upward are clear. It just depends on who you ask.

Some lawmakers and regulators pin the blame on financial speculators trading futures contracts for oil.

Others attribute the spike to seasonal changes, as refiners begin switching from producing winter grade fuels to more expensive summer blends.

Or it could be a collision of planned maintenance and unexpected outages at some of the nation’s refineries, which are keeping gasoline supplies low, despite a boon in domestic crude production.

Read Full Article ››

TAGGED: gas prices, Fuel Fix, Houston Chronicle

RECOMMENDED ARTICLES

February 26, 2013
Gas Exports Fight Is a Prelude to Oil Exports Brawl
J. Dlouhy, Fuel Fix
The frenzy to sell more U.S. natural gas overseas has sparked a bitter, unseemly skirmish among Big Business that has such heavyweights as Dow Chemical Co. and GE squaring off over the prospect.But the feuding over natural gas... more ››
February 25, 2013
MIT: Gas Tax 6X More Effective Than Fuel Standard
Brad Plumer, WaPo
What’s the best way to curtail gasoline consumption? Economists tend to agree on the answer here: Higher gas taxes at the pump are more effective than stricter fuel-economy standards for cars and trucks. . . more ››
February 25, 2013
Gas Prices Rising, Just as Obama Planned
Las Vegas Review-Journal
Last week, Nevada gasoline prices averaged $3.75 at the pump - a leap of 59 cents in seven weeks. According to the Energy Information Agency, the average price of a gallon of regular unleaded in the United States was $1.838 on... more ››
February 26, 2013
Blame the Refineries for High Gas Prices
Jordan Weissmann, Atlantic
It's been an unusually expensive winter for drivers. Instead of dropping like normal during America's chilly travel lull, average gas prices have marched up to around $3.80-a-gallon. That's noticeably higher than at this time... more ››
February 26, 2013
The EPA's Phantom Fuel Folly
Rep. Jim Sensenbrenner, Politico
What has been termed the Environmental Protection Agency’s “Phantom Fuel Requirement” is an aptly named rule that epitomizes the mind-set of an agency that has put itself above the law. Hiding behind complexity and its... more ››