Monday, March 7, 2011

Gas to go up or down

            A hot topic in the United States is gas prices and how much will they increase over the next couple of weeks. An article from CNNmoney.com titled “Gas prices are going lower. Really” by Steve Hargreaves explains what is predicted to happen to gas prices. This article was chosen because this issue is one of the main focuses in the United States. Gas shot up by 17 cents last week and was at $3.29. This week gas prices are around $3.43.

            The article is started off by discussing if the war in violence in the Middle East were to increase how quick gas prices would pass $4 a gallon. The author points out a bunch of what “ifs” in the article. It takes a look at the issue from two points of view. The first view shows that prices will fall. The second view is showing gas prices increasing. The author bases his article on the interview of Addison Armstrong.

            The Middle East is at war with itself and experts are worried that it will spread into Saudi Arabia or another big oil supplier. If this happens it will drive gas prices past $4 dollars per gallon and may even reach $5 dollars per gallon. Most analysts think that if the oil supplying countries remain undisrupted that gas prices will fall 25 to 75 cents a gallon. The average for 2011 gas prices was predicted to be $3 a gallon. To reach this average gas will have to sell for around $2 a gallon to make up for the weeks above $3 a gallon.

            Gas has been a big problem in America for a few years now. It has never been this big of a problem in the history of the United States. This is a big issue in the college world also. Because it is around spring break time and students will be traveling home and to the beaches throughout the month. I believe that this is a great article to read to help inform you about how gas prices will change in the near feature. I agree with the statements made about the prices in the article. The prices could possibly drop down to around $2 per gallon over the next couple of years.

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