Over the weekend the gas prices jumped up 3 cents, which took the gas price to $4 a gallon this week across America. As of Monday, the national average price for a gallon of regular gasoline now stands at $3.952, according a daily survey from motorist group AAA. That's up from $3.943 a gallon on Sunday and continues a 44-day streak of gas price increases. Gas currently is more than $4 a gallon in 13 states and in the District of Columbia. this weekend's surge was a delayed reaction to deadly storms across the South last week that temporarily knocked out power at some oil refineries along the Gulf Coast. Also refiners around the Great Lakes have been shut down recently for scheduled maintenance, which has put upward pressure on gas prices across the Midwest. Gas prices have not averaged $4 a gallon nationwide since July 2008. The AAA also that gas prices go up into going into Memorial Day hoilday which starts the begining of the summer driving, but they believe that gas prices shouldn't hit $5.
I believe that this has to do with the constitutional law, the common law, the state and federal governement. Also the National Economic Council which advises with economic planning. The State and the Federal government has to split how much each gas it will be depending on how much gas and oil supply we get from our refineries. My opinion about this is that I am glad, that the gas prices won't be going up but at the same time, the gas prices need to drop. I believe everything that is happening to our refineries need to get fix very soon so the gas prices can drop. What is your opinion about this situation?
http://money.cnn.com/2011/05/02/news/economy/gas_prices/index.htm?hpt=T2
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