Gas Prices Soar to $3.51 a Gallon

The unrest in the Middle East is causing gas prices to go up in the United States

By U.S. News Staff

March 7, 2011 RSS Feed Print
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The political unrest that has spread in the Middle East is causing gasoline prices in the United States to soar. The average rice for a gallon of gas is now $3.51, up 33 cents in two weeks and an increase of 78 cents from a year ago. The rise in gas prices is prompting the federal government to think about tapping into the nation's oil reserves. "The issue of the reserves is one we are considering," White House chief of staff William Daley told NBC's Meet the Press on Sunday. "I think there's no one who doubts that the uncertainty in the Middle East right now has caused this tremendous increase in the last number of weeks." The reserves could supply the nation with gasoline for  a couple of months, but critics say the oil reserve should be saved for an emergency.

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Tags:
William Daley,
gas prices,
Libya

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Well... here in Sweden we've just passed 11dollars/gallon.

Try that over in the US.

Emil Wikstrom 12:39PM March 08, 2011

This gas price hike is the result of the fundamentally flawed economic system and the greed creed speculation rather then the situation in Libya that contributes to less then 2% of oil used in the world, and that 99% shipped to Europe. The US exports about zero oil from Libya and over all in the world there is not shortage.

Nevertheless oil price hike is not the only concern. The far worst is food prices that have increased 40% and yet these so called world leaders, including Obama are twisting their thumbs. Mainly because it does not effect their own personal households and they live high on the hog all at taxpayers expense.

The decent thing to do is ban commodities trading of oil, natural gas, gasoline, heating oil, electricity, basic foods like wheat, corn, soys, sugar, milk, butter, cooking oils, beef, poultry, pork, fish and other items like corn, seasonal fresh fruits and vegetable immediately.

Other then that folks prepare for the ultimate.

Chui of GA 3:22PM March 07, 2011

Get food out of my gas.

Corn fuel ethanol stinks.

Corporate welfare for Big oil and Government Motors.

Charlie Peters of CA 2:00PM March 07, 2011

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