In today’s society if you are anything less than rich these gas prices will have a huge impact on everyday life and your budget. The reason gas prices are becoming so unaffordable is because the expence of oil continues to heighten. “Based on information provided by the US Energy Information Administration (EIA), the cost of crude oil accounts for 71% of what we pay for at the pumps” (Shipp, 2010). The oil company’s regulate the expense of gas prices. The oil companies are inconsiderate of everyday bills that a normal person has to pay, they only care about their earnings. That’s why the production of electric cars is moving so slowly. If the oil company’s actually cared about t...
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...“High prices cut gasoline demand; prices could drop.” USA Today Feb 08 2008. http://www.usatoday.com/money/industries/energy/2008-02-07- driving-less_N.htm. Web. 28 May 2011.
"High gasoline prices give small-car market a boost." Globe & Mail [Toronto, Canada] 27 May 2011: B1. Gale Opposing Viewpoints In Context. Web. 19 May 2011.
"Preface to 'How Can America Reduce Domestic Oil Prices?'." Oil. Ed. Andrea C. Nakaya. Detroit: Greenhaven Press, 2006. Opposing Viewpoints. Gale Opposing Viewpoints In Context. Web. 28 May 2011.
Radler, Marilyn and Laura Bell. "Producers, Refiners Post Improved Second-Quarter 2010 Earnings." Oil & Gas Journal Sep 27 2010: 14-7. ProQuest Research Library. Web. 28 May 2011. .
Shipp, Trevor. “Why Are Gas Prices So High Now?” Financial Nut Dec 30 2010. http://www.financialnut.com/why-are-gas-prices-so-high-now/. Web. 28 May 2011.
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